Why Shares of AgEagle Aerial Systems Are Flying High Today

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Shares of AgEagle Aerial Systems (NYSEMKT: UAVS) climbed 13% on Tuesday morning after the drone maker announced a licensing deal with the state of Iowa. Investors have flocked to the stock over the past year on the promise they see in its drone platform, and the company is going to have to deliver contracts to justify that belief.

AgEagle said in a statement the Iowa Department of Agriculture and Land Stewardship has licensed the company’s HempOverview platform to manage the state’s online registration, payment processing, data collection, and compliance of hemp cultivation for the 2021, 2022, and 2023 planting seasons.

Image source: Getty Images.

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