AIRO rises after partnership with Ukrainian firm for drone expansion

AIRO group

16/10/2025 16:38

** Shares of aerospace and defense technologies firm AIRO Group Holdings AIRO.O rise 8.19% to $21.10

** Earlier in session, the stock hit an over one-month high of $22.47

** Co signs letter of intent to form a joint venture with Bullet, a Ukrainian drone firm, to bring 300 MPH interceptor drone technology to U.S. manufacturing and NATO defense markets

** Co and Bullet expect to finalize definitive agreements within 60 days

** On June 13, AIRO shares closed at $24 on its first day of trading after IPO of 6 mln shares priced at $10

(Reporting by Krisha Bhatt)

((Krisha.Bhatt@thomsonreuters.com))