Airo Group and Nord-Drone subsidiaries to create AIRO Nord-Drone joint venture

AIRO Group (AIRO) Holdings, through its wholly owned subsidiary AIRO Drone, and Nord-Drone, through its affiliate company Nord Drone Group, have executed a definitive agreement to create AIRO Nord-Drone, a transatlantic defense joint venture combining AIRO’s U.S.-based manufacturing and procurement expertise with NDG’s combat-proven technologies and European production capabilities. The joint venture will leverage existing infrastructure to accelerate deployment of drones supporting current U.S. and NATO operational requirements. The formation of the joint venture is subject to customary closing conditions, including satisfaction of applicable regulatory requirements and other conditions precedent set forth in the definitive agreement. The Nord-Drone group of companies currently produces approximately 4,000 drones per month with scalability supported by established facilities and defense relationships. The joint venture intends to prioritize rapid production and deployment of combat-proven drones that directly support current U.S. and NATO defense directives. The joint venture will serve urgent operational needs across key defense markets, including the United States, Ukraine, NATO member countries, and other mutually agreed territories. It will support both immediate conflict response and modernization initiatives.