Locust USA, Inc Signs $19 Million Technology Investment Agreement With The U.S. Army

Locust USA, Inc, through its wholly-owned subsidiary UAV Turbines, Inc. ("UAVT"), a developer of advanced heavy-fuel microturbine propulsion systems, announced that it has entered into a $19 million Technology Investment Agreement ("TIA") with the U.S. Army to collaborate in development of an efficient and reliable/durable small turboprop gas turbine engine for propulsion in the unmanned aerial vehicle (UAV) arena. The ["]