AIRO Group Holdings, Inc. (NASDAQ: AIRO)

AIRO Group Holdings, Inc. is a technologically differentiated aerospace autonomy and air mobility platform targeting 21st century aerospace and defense opportunities. The company leverages decades of industry expertise across drone aviation and avionics markets to provide leading solutions to the aerospace and defense market. It offers connected and diversified solutions that create operational synergies across its segments and is powered by an international footprint as well as supplier and public sector relationships.

AIRO Group Holdings, Inc. generates revenue by developing manufacturing and selling drones and providing drone services such as DaaS for military and commercial customers. It also develops manufactures and sells avionics including flight displays Connected Panels and GPS/GNSS sensors for military general aviation aircraft drones and eVTOLs. The company provides military pilot training and related services under its CDI brand and is developing electric vertical takeoff and landing aircraft for cargo government and passenger applications through its Jaunt brand. Revenue is derived from product sales service contracts and training agreements with defense and commercial clients.

The company operates through the following segments: Drones Avionics Training and Electric Air Mobility.

• Drones: The Drones segment develops manufactures and sells drones and will provide drone services such as DaaS for military and commercial end users. Its military drones are sold through the Sky Watch brand which is a key supplier to European NATO countries. A key differentiator is the ability of its drones to operate in GPS denied environments which is valuable for both military and commercial applications.

• Avionics: The Avionics segment develops manufactures and sells avionics for military and general aviation aircraft drones and eVTOLs. Its products include flight displays Connected Panels and GPS/GNSS sensors installed on legacy military aircraft and general aviation platforms. The brand Aspen Avionics is well known in the general aviation aftermarket with over twenty years of operating history and supplies OEMs such as Robinson Helicopters Pilatus Honeywell and Joby Aviation.

• Training: The Training segment provides military pilot training and related services to the U. S. military select NATO countries and other U. S. allies under the CDI brand. Offerings include adversary air close air support ISR aircraft leasing pilot training ground liaison services JTAC and full joint theatre ISR and simulated ground strike training. The segment also plans to offer commercial pilot training to address the global pilot shortage.

• Electric Air Mobility: The Electric Air Mobility segment operated through the Jaunt brand is developing dual use electric hybrid electric compound rotorcraft aircraft for cargo government and passenger applications. Near term focus is on a cargo configured platform for middle mile logistics tactical resupply emergency medical delivery law enforcement ISR and other commercial and government missions. The company plans to pursue certification under CAR 529 Transport Category Rotorcraft standards.

AIRO Group Holdings, Inc. holds a competitive position in the aerospace and defense industry by offering an integrated platform that combines drones avionics training and electric air mobility to generate cross segment synergies. Its management team possesses over 150 years of combined experience and maintains strong relationships with the U. S. government NATO and agencies such as the FAA DHS and NASA. The company’s research and development efforts focus on advanced avionics sensors electric air mobility systems UAS and sUAS critical systems drone command control and communications and U. S. and global standards which support the creation of differentiated products. In the drones market it faces competitors such as Elbit Systems Teledyne Technologies L3Harris Technologies and Lockheed Martin Corporation. In avionics its primary competitors include Garmin Honeywell Collins Aerospace Dynon Avionics and uAvionix. The training segment competes with firms like Draken International Top Aces Airborne Tactical Advantage Company and Tactical Air Defense Services. In the electric air mobility space it contends with Archer Aviation Eve Holding Joby Aviation and Vertical Aerospace among others.

AIRO Group Holdings, Inc. serves a diverse customer base that includes military and defense entities worldwide such as NATO member countries the Netherlands Denmark and Germany which procure drones through sovereign funds and often donate the majority to Ukraine. Avionics customers consist of owner operators of general aviation aircraft and original equipment manufacturers including Robinson Helicopters Pilatus Honeywell and Joby Aviation. Training customers are the U. S. government NATO allies and special forces units. Electric Air Mobility customers are commercial cargo operators middle mile logistics providers and government agencies including defense border security emergency response and ISR operators. For the years ended December 31 2025 and 2024 two customers accounted for 79% and 72% of revenue respectively all of which related to the drone segment.