Drone makers raise capital, expand production and build defense orders across Ukraine, the U.S. and Europe
Ukrainian-founded UForce raised $700 million at a $6 billion valuation to expand production for Ukraine and allied countries, while Portugal’s Tekever opened a French factory and began local production of its AR3 and AR5 drones. U.S. maker Powerus reported $130 million in signed orders and highlighted the cost gap between missile and drone interception.