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.
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