Latest news with #AIRO
Business Wire
3 days ago
- Business
- Business Wire
AIRO Introduces Middle-Mile Cargo Drone and Expansion Into Quebec's YMX Innovation Zone at EAA AirVenture Oshkosh
ALBUQUERQUE, N.M. & MONTREAL & STØVRING, Denmark & WASHINGTON--(BUSINESS WIRE)--AIRO (Nasdaq: AIRO), a global leader in advanced aerospace and defense technologies, today announced at EAA AirVenture 2025 in Oshkosh, WI, the development of its new middle-mile, medium-lift cargo drone and the expansion of its operations into the YMX Innovation Zone in Mirabel, Quebec. The initiative is led by its Electric Air Mobility segment, Jaunt Air Mobility, and its Canadian subsidiary, Jaunt Air Mobility Canada. Jaunt's presence in this hub for Advanced Air Mobility (AAM) innovation strengthens its collaboration with Vertiko Mobilité, a Canadian leader in AAM operations and ground infrastructure development, and benefits from the support of Aéroports de Montréal (ADM). A Next-Generation Cargo Drone for Middle-Mile Operations The new cargo drone is designed to carry 250–500 lbs. over distances of 200+ miles, aiming to provide an efficient, low-emission alternative to traditional middle-mile freight solutions such as box trucks and tractor-trailers. Leveraging Jaunt's patented Slowed-Rotor Compound (SRC) technology, the aircraft combines the vertical takeoff capability of a helicopter with the cruise efficiency of a fixed-wing airplane, which has the potential to offer unique benefits in safety, performance, and efficiency in the emerging AAM market. As part of the aircraft's development roadmap, Jaunt is advancing Command & Control (C2) capabilities, including robust support for both cellular and satellite communications. Regulatory approvals are underway to enable beyond visual line-of-sight (BVLOS) operation using dual-redundant data links, ensuring secure, high-availability command pathways in complex and remote airspaces. The aircraft is supported by a modular Ground Control System (GCS) that integrates real-time flight monitoring, dynamic mission planning, and secure communications management. The GCS platform is designed for multi-aircraft operations, provides full situational awareness, and supports seamless transitions between communication links to enable highly adaptable mission control from fixed or mobile operations centers. 'We're thrilled to unveil our cargo drone—an innovative solution designed to serve both remote and urban communities,' said Martin Peryea, SVP & GM of AIRO's Electric Air Mobility segment and leader of Jaunt. 'Our work on the CORRIDAIR Project with our partner Vertiko Mobilité demonstrated the transformative potential of this technology, especially for First Nation communities in rural Quebec, where access to critical medical supplies and fuel is limited. Building on that success, and integrating advanced drone technologies from across AIRO, we believe that we're uniquely positioned to harness the full capabilities of YMX's infrastructure and ecosystem.' YMX Innovation Zone: Accelerating Real-World Testing and Validation By joining the YMX Innovation Zone, Jaunt and its partners gain access to a collaborative ecosystem that brings together technological expertise, regulatory guidance, and operational support. This concentration of research institutions, industry leaders, and government stakeholders fosters an environment designed for accelerated testing, certification, and commercialization. This strategic location enables Jaunt to move from concept to real-world deployment more efficiently, bridging design, regulatory validation, and operational readiness within one integrated hub. 'AIRO remains deeply committed to driving the rapid evolution of Advanced Air Mobility and delivering real-world solutions to the market,' said Captain Joe Burns, CEO of AIRO. 'As we progress toward Transport Canada certification and scale manufacturing in Montreal, this cargo drone represents a strategic milestone to deliver advanced air mobility solutions to customers sooner while building the foundation for potential future mixed-use and passenger services.' 'Bringing our cargo drone to market is more than a technological milestone—it's a convergence of AIRO's deep expertise across unmanned systems and electric air mobility,' said Dr. Chirinjeev Kathuria, Executive Chairman of AIRO. 'By leveraging the synergies between our drone and eVTOL platforms, we're creating a scalable, interoperable ecosystem that addresses both cargo and passenger needs. Our expansion into the YMX Innovation Zone accelerates this vision, enabling real-world testing and regulatory alignment in one of the world's most forward-thinking aerospace environments.' With its expansion into the YMX Innovation Zone and the introduction of its cargo drone platform, AIRO continues to shape the future of Advanced Air Mobility—delivering scalable, sustainable solutions that meet the evolving needs of logistics, infrastructure, and communities worldwide. About AIRO AIRO (Nasdaq: AIRO) is a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. AIRO is organized into four operating segments, each of which represents a critical growth vector in the aerospace and defense market: Drones, Avionics, Training, and Electric Air Mobility. Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' 'seeks,' 'intends,' 'plans,' 'estimates,' or 'anticipates,' or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release, and include, but are not limited to, statements relating to the development, expected capabilities, potential customers and regulatory approval of the Jaunt cargo drone. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify, including those described in the section titled 'Risk Factors' in AIRO's prospectus filed with the Securities and Exchange Commission ('SEC') on June 16, 2025, as well as in other filings AIRO may make with the SEC in the future. AIRO's expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this release. AIRO undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
National Post
3 days ago
- Business
- National Post
AIRO Introduces Middle-Mile Cargo Drone and Expansion Into Quebec's YMX Innovation Zone at EAA AirVenture Oshkosh
This advertisement has not loaded yet, but your article continues below. Through its Electric Air Mobility segment, Jaunt Air Mobility, AIRO's new presence at Quebec's YMX Innovation Centre enables real-world testing, regulatory validation, and rapid deployment of certified cargo drone solutions—reinforcing its leadership in sustainable aerospace. THIS CONTENT IS RESERVED FOR SUBSCRIBERS Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. SUBSCRIBE FOR MORE ARTICLES Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. 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Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors ALBUQUERQUE, N.M. & MONTREAL & STØVRING, Denmark & WASHINGTON — AIRO (Nasdaq: AIRO), a global leader in advanced aerospace and defense technologies, today announced at EAA AirVenture 2025 in Oshkosh, WI, the development of its new middle-mile, medium-lift cargo drone and the expansion of its operations into the YMX Innovation Zone in Mirabel, Quebec. The initiative is led by its Electric Air Mobility segment, Jaunt Air Mobility, and its Canadian subsidiary, Jaunt Air Mobility Canada. Jaunt's presence in this hub for Advanced Air Mobility (AAM) innovation strengthens its collaboration with Vertiko Mobilité, a Canadian leader in AAM operations and ground infrastructure development, and benefits from the support of Aéroports de Montréal (ADM). A Next-Generation Cargo Drone for Middle-Mile Operations The new cargo drone is designed to carry 250–500 lbs. over distances of 200+ miles, aiming to provide an efficient, low-emission alternative to traditional middle-mile freight solutions such as box trucks and tractor-trailers. Leveraging Jaunt's patented Slowed-Rotor Compound (SRC) technology, the aircraft combines the vertical takeoff capability of a helicopter with the cruise efficiency of a fixed-wing airplane, which has the potential to offer unique benefits in safety, performance, and efficiency in the emerging AAM market. As part of the aircraft's development roadmap, Jaunt is advancing Command & Control (C2) capabilities, including robust support for both cellular and satellite communications. Regulatory approvals are underway to enable beyond visual line-of-sight (BVLOS) operation using dual-redundant data links, ensuring secure, high-availability command pathways in complex and remote airspaces. The aircraft is supported by a modular Ground Control System (GCS) that integrates real-time flight monitoring, dynamic mission planning, and secure communications management. The GCS platform is designed for multi-aircraft operations, provides full situational awareness, and supports seamless transitions between communication links to enable highly adaptable mission control from fixed or mobile operations centers. 'We're thrilled to unveil our cargo drone—an innovative solution designed to serve both remote and urban communities,' said Martin Peryea, SVP & GM of AIRO's Electric Air Mobility segment and leader of Jaunt. 'Our work on the CORRIDAIR Project with our partner Vertiko Mobilité demonstrated the transformative potential of this technology, especially for First Nation communities in rural Quebec, where access to critical medical supplies and fuel is limited. Building on that success, and integrating advanced drone technologies from across AIRO, we believe that we're uniquely positioned to harness the full capabilities of YMX's infrastructure and ecosystem.' YMX Innovation Zone: Accelerating Real-World Testing and Validation By joining the YMX Innovation Zone, Jaunt and its partners gain access to a collaborative ecosystem that brings together technological expertise, regulatory guidance, and operational support. This concentration of research institutions, industry leaders, and government stakeholders fosters an environment designed for accelerated testing, certification, and commercialization. This strategic location enables Jaunt to move from concept to real-world deployment more efficiently, bridging design, regulatory validation, and operational readiness within one integrated hub. 'AIRO remains deeply committed to driving the rapid evolution of Advanced Air Mobility and delivering real-world solutions to the market,' said Captain Joe Burns, CEO of AIRO. 'As we progress toward Transport Canada certification and scale manufacturing in Montreal, this cargo drone represents a strategic milestone to deliver advanced air mobility solutions to customers sooner while building the foundation for potential future mixed-use and passenger services.' 'Bringing our cargo drone to market is more than a technological milestone—it's a convergence of AIRO's deep expertise across unmanned systems and electric air mobility,' said Dr. Chirinjeev Kathuria, Executive Chairman of AIRO. 'By leveraging the synergies between our drone and eVTOL platforms, we're creating a scalable, interoperable ecosystem that addresses both cargo and passenger needs. Our expansion into the YMX Innovation Zone accelerates this vision, enabling real-world testing and regulatory alignment in one of the world's most forward-thinking aerospace environments.' With its expansion into the YMX Innovation Zone and the introduction of its cargo drone platform, AIRO continues to shape the future of Advanced Air Mobility—delivering scalable, sustainable solutions that meet the evolving needs of logistics, infrastructure, and communities worldwide. AIRO (Nasdaq: AIRO) is a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. AIRO is organized into four operating segments, each of which represents a critical growth vector in the aerospace and defense market: Drones, Avionics, Training, and Electric Air Mobility. Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' 'seeks,' 'intends,' 'plans,' 'estimates,' or 'anticipates,' or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release, and include, but are not limited to, statements relating to the development, expected capabilities, potential customers and regulatory approval of the Jaunt cargo drone. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify, including those described in the section titled 'Risk Factors' in AIRO's prospectus filed with the Securities and Exchange Commission ('SEC') on June 16, 2025, as well as in other filings AIRO may make with the SEC in the future. AIRO's expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this release. AIRO undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. View source version on This advertisement has not loaded yet.
National Post
14-07-2025
- Business
- National Post
AIRO to Expand U.S. Manufacturing Footprint to Accelerate Advanced Drone Innovation and Strengthen Global Defense Capabilities, Building on RQ-35 Heidrun Success
Article content ALBUQUERQUE, N.M. & MONTREAL & STØVRING, Denmark & WASHINGTON — AIRO (Nasdaq: AIRO), a global leader in advanced aerospace and defense technologies, today announced plans to expand its U.S. footprint with the addition of a new manufacturing and engineering development facility. This strategic move builds on the success of AIRO's existing operations and is driven by the growing global demand for AIRO's flagship product, the RQ-35 ISR Drone. Article content The RQ-35 ISR Drone has rapidly gained international recognition for its reliability, performance, and mission versatility across defense and security sectors. Known in military applications as the RQ-35 Heidrun, the system offers significant advantages over existing micro-ISR drones due to its combination of full autonomy, long flight endurance, and ease of operation. It has been rigorously tested and deployed in harsh electronic warfare and GPS-denied environments, including active conflict zones, where it has demonstrated exceptional resilience and effectiveness. Article content With hundreds of thousands of operational hours to date, the RQ-35 has proven to be a critical asset in intelligence, surveillance, and reconnaissance missions. Its robust supply chain and seamless integration with other battlespace systems make it a vital link between frontline intelligence gathering and real-time decision-making. These capabilities have made the RQ-35 an essential tool for modern military forces seeking reliable, scalable ISR solutions in dynamic and contested environments. The planned U.S. facility will not only enable AIRO to scale production efficiently and compete for American-made defense and commercial opportunities — it will also serve as a hub for future innovation. To support new product development, AIRO is designing and engineering efficient, reliable, and low-carbon-emission unmanned aircraft systems for both commercial and military markets. This includes ongoing enhancements to the RQ-35 and the development of the next generation of fully autonomous mini drones. Article content 'Like our current manufacturing facilities in the U.S. and Europe, which are AS9100-certified, our intent is for this new site to meet the same rigorous aerospace quality standards,' said Joe Burns, CEO of AIRO. 'This commitment to quality not only strengthens our internal processes and systems, but more importantly, it allows our clients to receive consistent and reliable products. It's a win-win that reinforces our role as a trusted partner in mission-critical projects.' Article content 'The growth of our drone business has been formidable,' added Dr. Chirinjeev Kathuria, Executive Chairman of AIRO. 'Fueled by the global acceptance and operational deployment of the RQ-35 by NATO countries, this segment has expanded rapidly. These systems are not only proving essential in active conflict zones but have the potential to be a cornerstone of homeland security strategies across allied nations. This expansion reflects our commitment to meeting that demand with unmatched quality and responsiveness.' Article content About AIRO Article content AIRO (Nasdaq: AIRO) is a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. AIRO is organized into four operating segments, each of which represents a critical growth vector in the aerospace and defense market: Drones, Avionics, Training, and Electric Air Mobility. Article content Forward-Looking Statements Article content The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' 'seeks,' 'intends,' 'plans,' 'estimates,' or 'anticipates,' or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release, and include, but are not limited to, statements relating to AIRO's operational landscapes, demand for AIRO's systems and products, AIRO's plans for a manufacturing and engineering development facility, expectations concerning future products and developments, the market acceptance and opportunity of AIRO's products and services, and other statements that are not historical fact. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify, including those described in the section titled 'Risk Factors' in AIRO's prospectus filed with the Securities and Exchange Commission ('SEC') on June 16, 2025, as well as in other filings AIRO may make with the SEC in the future.. AIRO's expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this release. AIRO undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. Article content Article content Article content Article content Contacts Article content
Business Wire
14-07-2025
- Business
- Business Wire
AIRO to Expand U.S. Manufacturing Footprint to Accelerate Advanced Drone Innovation and Strengthen Global Defense Capabilities, Building on RQ-35 Heidrun Success
ALBUQUERQUE, N.M. & MONTREAL & STØVRING, Denmark & WASHINGTON--(BUSINESS WIRE)--AIRO (Nasdaq: AIRO), a global leader in advanced aerospace and defense technologies, today announced plans to expand its U.S. footprint with the addition of a new manufacturing and engineering development facility. This strategic move builds on the success of AIRO's existing operations and is driven by the growing global demand for AIRO's flagship product, the RQ-35 ISR Drone. "...a new manufacturing and engineering development facility" Share The RQ-35 ISR Drone has rapidly gained international recognition for its reliability, performance, and mission versatility across defense and security sectors. Known in military applications as the RQ-35 Heidrun, the system offers significant advantages over existing micro-ISR drones due to its combination of full autonomy, long flight endurance, and ease of operation. It has been rigorously tested and deployed in harsh electronic warfare and GPS-denied environments, including active conflict zones, where it has demonstrated exceptional resilience and effectiveness. With hundreds of thousands of operational hours to date, the RQ-35 has proven to be a critical asset in intelligence, surveillance, and reconnaissance missions. Its robust supply chain and seamless integration with other battlespace systems make it a vital link between frontline intelligence gathering and real-time decision-making. These capabilities have made the RQ-35 an essential tool for modern military forces seeking reliable, scalable ISR solutions in dynamic and contested environments. The planned U.S. facility will not only enable AIRO to scale production efficiently and compete for American-made defense and commercial opportunities — it will also serve as a hub for future innovation. To support new product development, AIRO is designing and engineering efficient, reliable, and low-carbon-emission unmanned aircraft systems for both commercial and military markets. This includes ongoing enhancements to the RQ-35 and the development of the next generation of fully autonomous mini drones. 'Like our current manufacturing facilities in the U.S. and Europe, which are AS9100-certified, our intent is for this new site to meet the same rigorous aerospace quality standards,' said Joe Burns, CEO of AIRO. 'This commitment to quality not only strengthens our internal processes and systems, but more importantly, it allows our clients to receive consistent and reliable products. It's a win-win that reinforces our role as a trusted partner in mission-critical projects.' 'The growth of our drone business has been formidable,' added Dr. Chirinjeev Kathuria, Executive Chairman of AIRO. 'Fueled by the global acceptance and operational deployment of the RQ-35 by NATO countries, this segment has expanded rapidly. These systems are not only proving essential in active conflict zones but have the potential to be a cornerstone of homeland security strategies across allied nations. This expansion reflects our commitment to meeting that demand with unmatched quality and responsiveness.' About AIRO AIRO (Nasdaq: AIRO) is a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. AIRO is organized into four operating segments, each of which represents a critical growth vector in the aerospace and defense market: Drones, Avionics, Training, and Electric Air Mobility. Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' 'seeks,' 'intends,' 'plans,' 'estimates,' or 'anticipates,' or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release, and include, but are not limited to, statements relating to AIRO's operational landscapes, demand for AIRO's systems and products, AIRO's plans for a manufacturing and engineering development facility, expectations concerning future products and developments, the market acceptance and opportunity of AIRO's products and services, and other statements that are not historical fact. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify, including those described in the section titled 'Risk Factors' in AIRO's prospectus filed with the Securities and Exchange Commission ('SEC') on June 16, 2025, as well as in other filings AIRO may make with the SEC in the future.. AIRO's expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this release. AIRO undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
Business Wire
26-06-2025
- Business
- Business Wire
AIRO Completes Naval Special Warfare Training Mission While Preparing to Execute on IDIQ Contract
ALBUQUERQUE, N.M. & MONTREAL & STØVRING, Denmark & WASHINGTON--(BUSINESS WIRE)--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. "underscores that trust and reinforces our commitment to delivering innovative, mission-ready solutions" Share As a premier provider of special warfare subject matter experts and airborne assets, AIRO continues to deliver elite training solutions for the U.S. Navy and U.S. Marine Corps' Joint Terminal Attack Controller (JTAC) program. Operating across California, Idaho, and Nevada, AIRO deployed its fleet of fighter jets and specially modified Cessna twin-engine aircraft to execute hundreds of Close Air Support (CAS) mission hours. These operations were conducted under multiple award Indefinite Delivery Indefinite Quantity (IDIQ) contracts, including the Terminal Attack Controller Trainer (TACT) and Naval Special Warfare Air Support contracts. 'AIRO is honored to be recognized as a trusted provider of training solutions for the U.S. Department of Defense and allied clients around the globe, especially during today's tumultuous geopolitical environment,' said Dr. Chirinjeev Kathuria, Executive Chairman of AIRO. 'Our recent award as a mandated participant of the $5.7 billion Combat Air Force/Commercial Air Service (CAF CAS II) IDIQ contract underscores that trust and reinforces our commitment to delivering innovative, mission-ready solutions. With more than 60 ongoing armed conflicts worldwide, we remain focused on preparing our forces for the evolving challenges of asymmetrical battlefronts, tactics, and locations.' Building on last year's momentum, AIRO entered 2025 with sustained and growing support, conducting extensive Close Air Support (CAS) and Intelligence, Surveillance and Reconnaissance (ISR) missions as part of both routine training and a major Air National Guard exercise. AIRO continues to expand its Training segment to support military readiness through advanced airborne platforms, operational excellence and deep subject matter expertise. Furthermore, AIRO has also recently launched additional training missions under new contracts with the U.S. Department of Defense, reinforcing its critical role in enhancing operational readiness and inter-service coordination, including its new contract marking 10 years of continuous support to NSW. In total, AIRO has secured more than $30 million in contract awards in direct support of NSW, delivering critical capabilities such as ISR aircraft, Full Motion Video (FMV) broadcast, live and simulated munitions, CAS and Call for Fire training, and dynamic unmanned ground target vehicles for live-fire exercises to enhance the realism and effectiveness of military training. AIRO's expertise also extends to allied partners. Most recently, the team prepared for an international exercise requiring the provision of Remotely Controlled Vehicles (RCVs) to serve as moving ground-based targets. These vehicles will be engaged with inert munitions to support target acquisition and engagement training. The customer is expected to lease over 50 targets and utilize up to eight of AIRO's elite RCV Control Teams to support the exercise, further demonstrating our global reach and commitment to advanced, realistic training solutions. 'We are proud to continue delivering high-caliber training support to our military partners,' said Joe Burns, CEO of AIRO Group. 'Our expert aircrews and specialized aircraft, under our notable brand 'Coastal Defense' remain at the forefront of CAS and ISR operations, ensuring our warfighters receive the most realistic and effective training available. AIRO's training operations underscore our broader commitment to supporting tier-one operators behind the scenes and ahead of the fight.' About AIRO AIRO (Nasdaq: AIRO) is a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. AIRO is organized into four operating segments, each of which represents a critical growth vector in the aerospace and defense market: Drones, Avionics, Training, and Electric Air Mobility. Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements. You can identify forward-looking statements because they contain words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' 'seeks,' 'intends,' 'plans,' 'estimates,' or 'anticipates,' or similar expressions which concern our strategy, plans, projections or intentions. These forward-looking statements may be included throughout this press release, and include, but are not limited to, statements relating to AIRO's operational landscapes, demand for AIRO's systems, operations undertaken in relation to the IDIQ contract, and the expected value of its IDIQ contract. By their nature, forward-looking statements are not statements of historical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. AIRO's expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this release. AIRO undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
