AgEagle Aerial Systems
US drone and sensor company trading as EagleNXT, with fixed-wing UAS, imaging payloads, fleet software and a majority-owned counter-drone joint venture.
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AgEagle Aerial Systems
AgEagle Aerial Systems, which trades under the EagleNXT brand, is a US drone manufacturer listed on the NYSE American as UAVS. It builds fixed-wing uncrewed aircraft, imaging payloads and fleet software for commercial and government users. Its Allen, Texas facility produces eBee VISION aircraft, consolidates MicaSense camera production and also supports the company’s majority-owned counter-drone joint venture, ThirdEye USA.
Key Products
The eBee line of fixed-wing mapping and reconnaissance aircraft remains the core platform, including the eBee VISION for tactical ISR users. The company also sells MicaSense sensor payloads and Emotion fleet software. EagleNXT says the eBee TAC and eBee VISION are Blue listed and that it is pursuing a US Army UAS Marketplace listing for both platforms.
Business and Financial Position
For the second quarter ended 30 June 2026, EagleNXT reported revenue of $2.7 million, compared with $1.4 million in the first quarter and $4.1 million a year earlier. Gross margin was 50.6 percent, and cash and cash equivalents were $15.9 million at quarter-end. That scale matters when reading its announcements, because individual orders or programme selections can be material in a way they are not for a defence prime.
Recent moves have been about repositioning rather than scale in the legacy agriculture line. ThirdEye USA, formed after EagleNXT’s $10 million investment in Israel-based ThirdEye Systems, is 51 percent owned by EagleNXT and has begun counter-drone production in Allen. The company says the joint venture demonstrated its MeduzaX counter-UAS system at US Central Command’s EXTiC 26-2 event in July 2026; qualified leads from that event are not contracts. EagleNXT also made a strategic investment in Agilis Air in July 2026 and retains an option to form a North American joint venture with loitering-munition developer Aerodrome Group.
Why It Matters
AgEagle is a case study in what NDAA procurement rules do to a small manufacturer. Domestic production and a supply chain outside China are the company’s main competitive claim, and the Texas facility exists to make that claim concrete. The pivot from agriculture into loitering munitions and counter-drone follows the money in the sector.
The caution is scale and conversion. Second-quarter revenue recovered sequentially but was below the prior-year quarter, while cash fell from $29.5 million at the end of 2025. The company still needs to turn demonstrations, Blue-list status and prospective marketplace access into repeatable orders.
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On the lists
AgEagle Aerial Systems in the reference tables FlightBrief keeps, each checked against its official source.
Blue UAS Cleared List1 entry
US drone manufacturers1 entry
Coverage
Topics
Contracts
Nine eBee VISION reconnaissance drone kits for the Army's National Training Center at Fort Irwin, California.
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