Drone makers attract major capital and expand production as military demand grows
Ukraine-founded UForce raised $700 million at a $6 billion valuation to expand production for Ukraine and allied customers. In France, Tekever opened a factory producing its AR3 and AR5 drones under a seven-year procurement agreement, while U.S. maker Powerus reported $130 million in signed orders and highlighted the cost gap between Patriot missiles and interceptor drones.