MCLEAN, Va. — AIRO Group Holdings, Inc. (Nasdaq: AIRO), through its wholly owned subsidiary AIRO Drone, LLC, and Nord-Drone LLC, through its affiliate company Nord Drone Group, LLC (“NDG”), have executed a definitive agreement to create AIRO Nord-Drone, LLC, 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.

he Nord-Drone group of companies currently produces approximately 4,000 drones per month—including FPV strike units, loitering munitions, and multi-role bombers—with scalability supported by established facilities and defense relationships. Its flagship models, NORD-10 and NORD-15, offer ranges up to 15 km and payloads up to 4.5 kg, featuring advanced GPS/GLONASS/BeiDou navigation and proprietary control systems.

The joint venture intends to prioritize rapid production and deployment of combat-proven drones that directly support current U.S. and NATO defense directives. By combining AIRO’s advanced aerospace manufacturing capabilities with NDG’s high-volume, battlefield-tested platforms, AIRO Nord-Drone LLC will deliver interoperable, mission-ready solutions for tactical reconnaissance, loitering munitions, and advanced combat operations.

“This joint venture represents a significant milestone in delivering proven, battlefield-tested technology to our allies when it matters most,” said Dr. Chirinjeev Kathuria, Executive Chairman of AIRO. “Together with Nord Drone Group, we are creating a transatlantic defense platform capable of scaling rapidly to meet urgent operational requirements.”

“Our partnership with AIRO establishes a powerful framework to extend our combat-proven technologies to serve U.S. and NATO defense forces,” said Dr. Yevgen Kotukh, CEO of NDG. “By integrating Nord Drone Group’s engineering excellence with AIRO’s manufacturing and procurement expertise, we can accelerate production while maintaining the quality and performance that define our systems.”

Joe Burns, CEO of AIRO, added: “This collaboration underscores our shared commitment to supporting allied defense efforts through innovation, scale, and strategic coordination.”

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.

Source: AIRO Group Holdings, Inc.