Defense ContractsThe recent Army contract award announced was a key topic, and further underscores UMAC’s position as a leading U.S. based provider of low-end, flight-critical components.
Financial HealthThe company ended with $64.3M in cash and equivalents and no debt, and has $133M today, indicating it is sufficiently capitalized to fund operations.
Strategic InvestmentsUMAC announced they invested $25M through a private placement in XTI Aerospace, which coincides with XTIA announced acquisition of Drone Nerds, the largest distributor and service providers of drones in the United States.