TAIPEI (TVBS News) — Shares of Thunder Tiger Corporation soared to a five-month high Wednesday (March 27), benefiting from the successful rollout of its commercial military drones.
The stock price hit NT$63.9 at one point after the market opened, marking the highest level in nearly five months. As of 10:09 a.m., it was trading at NT$63.5, up 8.73%, with a volume of 6,711 shares.
The Ministry of National Defense (MND) announced six military commercial drone tenders in December last year, with a total value of NT$7.9 billion, with Thunder Tiger Corporation actively vying for these business opportunities
The company's unmanned Seashark 400 boat and Seawolf 400 submarine have completed development and are now stationed in Kaohsiung's Marine Technology Innovation Center, awaiting testing and verification.
Meanwhile, Thunder Tiger's 2-kilogram TM-450 and 3-kilogram TM-450 Hornet reconnaissance and attack drones are ready for mass production. They are expected to meet the military's tender requirements and could start mass production as early as the second half of this year.
The company's T-235AH model can hover for more than an hour, and the T-250AH can fly for six hours, meeting the operational needs of Taiwan's army and navy.