Drone Maker Companies Rally. Ondas Holdings up 17%; Red Cat up 16%; Unusual Machines up 6%

Tiger Newspress
02 Jun

Drone maker companies rallied on Monday. Ondas Holdings up 17%; Red Cat up 16%; Unusual Machines up 6%.

In terms of companies’ news, Unusual Machines announced its participation in the ‘2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow,’ organized by Maxim Group LLC, scheduled for June 3-5, 2025. The company’s CEO, Allan Evans, will present on June 3, focusing on how emerging technologies like Quantum Computing and AI are shaping the future. This participation highlights Unusual Machines’ strategic positioning in the tech industry and its commitment to leveraging advanced technologies for growth.

Red Cat said last week that it is partnering with ESAero to provide AS9100 manufacturing capacity for its Black Widow small, unmanned aerial system and its subsystems.

The AS9100 standard ensures a manufacturer has a quality management system in place to meet the requirements of the aerospace industry, the company said.

"As we ramp up production of the Black Widow to fulfill our SRR contracts and meet growing demand from US and international customers, securing...manufacturing capacity is critical," said CEO Jeff Thompson.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10