tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

ZenaTech says poised to benefit from U.S. defense spending

ZenaTech (ZENA) announces that it anticipates it will benefit significantly from provisions in the recently passed One Big Beautiful Bill Act. This includes $33 billion in direct spending to advanced drones, autonomous systems, and broader US defense modernization, representing the largest single investment in these next-generation technologies to date. The bill, signed into law on July 4th, 2025, also includes over $150 billion in new defense spending and restores vital tax and R&D incentives that support companies such as ZenaTech and its drone subsidiary ZenaDrone, that are focused on scaling next-generation aerospace technologies. “This legislation is a generational opportunity for US companies engaged in advanced defense manufacturing and drone innovation, and we view it as both a catalyst and confirmation of our long-term strategy,” said Dr. Shaun Passley, CEO of ZenaTech. “The bill unlocks substantial opportunities for us to partner with government and defense agencies, while also strengthening our financial position through R&D expensing and bonus depreciation. We are ready to be a leader in the next era of aerial intelligence and autonomy with secure American-made drone systems,” added Dr. Passley.

Elevate Your Investing Strategy:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1