AIRO Group Holdings (NYSE: AIRO), a military drone manufacturer, saw its stock price soar by 57.13% in pre-market trading on Monday, continuing its impressive performance following its recent initial public offering (IPO). This surge comes after the company's shares skyrocketed by 290.7% during its NYSE debut on June 13, closing at $24 and valuing the company at $597 million.

AIRO Group is a diversified aerospace and defense company with a primary focus on military drones. The company's Sky-Watch brand has successfully integrated into NATO supply chains in European countries, and its products have been battle-tested in the Ukraine conflict. AIRO's drones incorporate advanced AI technologies, including Generative Adversarial Networks (GAN) and Natural Language Processing (NLP), which enable them to perform effectively in GPS-restricted environments and make them "extremely difficult to shoot down."

Investors' enthusiasm for AIRO stock appears to be driven by several factors. The company's chairman, Chirinjeev Kathuria, emphasized that achieving public company status would enhance AIRO's credibility when bidding for contracts with NATO and the U.S. Department of Defense. Additionally, AIRO has identified potential funding support of $200 million from the Canadian government. The recent executive order signed by the Trump administration to accelerate domestic drone production is also expected to create favorable conditions for AIRO's growth, further fueling investor interest in the company.