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Dragon Wing Aviation Technology (00918) signed a drone system sales framework agreement with a total valuation of about 131.5 billion yuan
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According to Zhitong Finance App, Longyi Aviation Technology (00918) announced that Shandong Longyi Aviation Technology Co., Ltd. (Shandong Longyi), a subsidiary of the group, has signed a sales framework agreement with Shanghai Dexinyi Aviation Technology Co., Ltd. (buyer).

According to the terms of the agreement, Shandong Longyi will supply drone systems of various specifications to the buyer, including 15 inch, 18 inch, 20 inch and 22 inch models. The agreement establishes a two-year flexible supply framework covering an estimated total purchase volume of 20,000 units, with a total framework valuation of RMB 131.5 billion.

This strategic commercial arrangement is an important milestone in the Group's expansion of its business footprint in high-growth aviation technology and commercial drones. By locking in large procurement volumes, the agreement enables the Group to optimize production schedules, enhance economies of scale, and improve overall supply chain operational efficiency. The signing of the agreement fully demonstrates the strong market competitiveness and commercial appeal of the Group's own drone products, laying the foundation for sustainable business growth.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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