AIRO Completes Naval Special Warfare Training Mission While Preparing to Execute on IDIQ Contract
AIRO (Nasdaq: AIRO), a leader in advanced aerospace and defense technologies, today announced the successful conclusion of a highly specialized 90-day training support mission for Naval Special Warfare (NSW), building off strong revenue growth in 2024 and first half of 2025 in its military training division.
Rising Demand for Drones for Commercial & Military Applications Becoming a Booming Revenue OpportunityPALM BEACH, Fla., June 26, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Unmanned Aerial Vehicle (UAV) imagery service providers have been offering innovative opportunities for businesses in the construction & agriculture industries and widening their potential application base to enable predictive and actuation capabilities. These capabilities offer significant advantages, such as quality improvements, risk mitigation, and cost reduction, thereby providing a competitive advantage to adopters. Drones and their sensors provide companies with significant data, multiplying applications and capabilities within their business processes. Analyzing the obtained information improves predictive/preventive maintenance and operational intelligence. Companies increasingly adopt data management platforms to process and analyze information for detecting and classifying notable events and creating reports. A report from Grand View Research said that the global drone data services market size is anticipated to grow at a CAGR of 39.0% through 2030. The market growth is attributed to the increasing need for drone information analysis amongst businesses worldwide to perform various critical tasks remotely, such as automated mapping, cadastral surveying, corridor surveying, volumetric calculations, and LiDAR mapping. Active Companies in the markets today include ZenaTech, Inc. (
NASDAQ: ZENA), Ondas Holdings Inc. (
NASDAQ: ONDS), AeroVironment, Inc. (
NASDAQ: AVAV), AIRO Group Holdings, Inc. (
NASDAQ: AIRO), EHang Holdings Limited (
NASDAQ: EH).
AIRO Group Holdings, Inc. to Attend Paris Air Show 2025
AIRO Group Holdings, Inc. (Nasdaq: AIRO)(“AIRO” or the “Company”), a company specializing in advanced aerospace and defense technologies, announced today that Company executives, including Executive Chairman and Co-Founder Dr. Chirinjeev Kathuria and CEO and Co-Founder Joe Burns, will attend the 55th edition of the Paris Air Show, taking place from June 16 to June 22, 2025, in Paris, France.
AIRO Announces Closing of Its Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
AIRO Group Holdings, Inc. (“AIRO”), a company specializing in advanced aerospace and defense technologies, today announced the closing of its initial public offering of 6,900,000 shares of its common stock, including the full exercise of the underwriters’ option to purchase 900,000 additional shares, at a public offering price of $10.00 per share. All shares of common stock are being offered by AIRO. The gross proceeds to AIRO from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by AIRO, were $69.0 million. The shares began trading on the Nasdaq Global Market under the ticker symbol “AIRO” on June 13, 2025.
