AI-powered robotics company targets $1.5B valuation in U.S. listing Israeli drone and robotics company XTEND has announced plans to go public through a reverse merger with U.S.-listed JFB Construction Holdings, in a transaction that values the combined company at approximately $1.5 billion. The deal includes a strategic investment round backed by several investors, including … [Read more...] about Eric Trump Invests in XTEND as Israeli Drone Firm Announces Plan to Go Public via Nasdaq Merger
drone industry news
Parrot Expands Global Distribution Network to Meet Rising Demand for Secure Micro-UAVs
New partnerships strengthen local support for ANAFI UKR across Europe and the Asia-Pacific region Parrot has expanded its global distribution network with five new defence and security partners across Central and Eastern Europe and the Asia-Pacific region. The new agreements bring Allies Incorporated in Poland, Panna Plus in Slovenia, Croatia and Montenegro, Pramacom-HT in … [Read more...] about Parrot Expands Global Distribution Network to Meet Rising Demand for Secure Micro-UAVs
CHAOS Industries Raises $510 Million to Expand Drone Threat Detection Radar Systems
The Los Angeles-based firm secures major funding to scale up its radar solutions for unmanned aerial systems. In a signal moment for the unmanned systems industry, CHAOS Industries announced that it has raised US $510 millionin a Series D funding round, bringing its valuation to approximately US $4.5 billion. Founded in 2022 and headquartered in Los Angeles, CHAOS Industries … [Read more...] about CHAOS Industries Raises $510 Million to Expand Drone Threat Detection Radar Systems
Archer Aviation to Acquire Los Angeles Airport as Strategic Air Taxi Hub and AI Testbed
Acquisition Overview Archer Aviation (NYSE: ACHR) has announced an agreement to acquire control of Hawthorne Municipal Airport (KHHR) in Los Angeles for approximately $126 million in cash. The 80-acre site will serve as both the operational hub and artificial intelligence (AI) testbed for the company’s planned Los Angeles air taxi network. The transaction remains subject to … [Read more...] about Archer Aviation to Acquire Los Angeles Airport as Strategic Air Taxi Hub and AI Testbed
Apium Joins Red Cat Futures Initiative to Advance Swarming Autonomy for Tactical Drones
After successful U.S. Army testing of Apium’s swarm autopilot on the Teal 2 platform, the partnership with Red Cat aims to bring next-generation swarm capability to the tactical edge. The U.S. drone and robotics companies Apium Swarm Robotics, Inc. (Apium) and Red Cat Holdings, Inc. (Red Cat) have announced a new partnership. On 4 November 2025 they signed a Memorandum of … [Read more...] about Apium Joins Red Cat Futures Initiative to Advance Swarming Autonomy for Tactical Drones
