AIRO Group Holdings, Inc.

AIRO Group Holdings, Inc. is a technologically differentiated aerospace, autonomy, and air mobility platform. The company leverages industry expertise and connections across the drone, aviation, and avionics markets to provide solutions to the aerospace and defense market. AIRO offers connected and diversified solutions with operational synergies across its segments, supported by an international footprint and relationships with suppliers and the public sector. The business is organized into four operating segments: Drones, Avionics, Training, and Electric Air Mobility. These segments collectively target a combined total addressable market estimated to be over $315.4 billion by 2030. The Drones segment develops, manufactures, and sells drones and will provide drone services, such as DaaS, for military and commercial end users. Military drones are sold through the Sky-Watch brand, which is a key supplier to European NATO countries. A key differentiation is the drones' ability to perform in a GPS-denied environment, relevant for both military and commercial end markets. The Avionics segment develops, manufactures, and sells avionics for military and general aviation aircraft, drones, and eVTOLs. Avionics products include flight displays, Connected Panels, and GPS/GNSS sensors, installed on legacy military aircraft and general aviation platforms. Products are sold through the Aspen Avionics brand, recognized in the general aviation aftermarket sector with over 20 years of operating history. AIRO also serves as an avionics supplier for OEMs, including Robinson Helicopters, Pilatus, Honeywell, and Joby Aviation.