10:10 AM EDT, 09/08/2025 (MT Newswires) -- Airo Group ( AIRO ) said Monday it has signed a non-binding letter of intent with Nord Drone to form a strategic joint venture to boost the deployment of unmanned aerial systems to the US, Ukraine, and in NATO member countries.

Under the letter of intent, Airo ( AIRO ) will provide manufacturing oversight, research and development, and government procurement expertise, while Nord Drone will contribute proprietary drone technologies, production facilities, supply chain access and coordination with defense ministries, including Ukraine's Ministry of Defense, the companies said.

The signing of a definitive deal is subject to mutual due diligence and regulatory reviews, the companies said, adding that they aim to negotiate definitive documentation within 60 days.

Financial terms of the collaboration were not disclosed.

Airo ( AIRO ) shares were up 2% in recent Monday trading.

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