AIRO Group Holdings Inc. Reports Over 100% Revenue Growth in 2024, Driven by Increased Drone Shipments

Reuters
06-17
<a href="https://laohu8.com/S/AIRO">AIRO Group Holdings</a> Inc. Reports Over 100% Revenue Growth in 2024, Driven by Increased Drone Shipments

AIRO Group Holdings Inc. (Nasdaq: AIRO) has reported significant financial growth for 2024, with revenues surpassing $86 million, reflecting an increase of more than 100% from the previous year. This remarkable growth is attributed to heightened demand for AIRO's military drone equipment and services, primarily driven by the company's market strategies targeting NATO member countries. The Drones segment, AIRO's largest, generated over $75 million in revenue in 2024, showcasing unprecedented growth fueled by global demand for its RQ-35 Heidrun surveillance drones. The company also reported a substantial backlog in its Electric Air Mobility segment, with over 300 eVTOL aircraft orders from notable operators worldwide. AIRO's focus on cargo transportation and its patented Slowed Rotor Compound technology position it for potential certification by 2027. The company's strategic locations in the US, Canada, and Europe provide enhanced access to a global client base, further strengthening its position in the aerospace and defense sectors. AIRO's executives are set to attend the Paris Air Show 2025, highlighting the company's continued expansion and innovation in advanced aerospace technologies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AIRO Group Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250616220491) on June 17, 2025, and is solely responsible for the information contained therein.

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