The West Australian
·australia
·2 hours ago
ASX-bound attack drone maker Innovaero scales up to beat market ‘saturation’
Innovaero, a Western Australia-based attack drone maker, plans to raise $40 million in an IPO to ramp up production and enter international markets. Chief Executive Greg Tunny stated that the demand for military drones has surged following the Ukraine conflict. The company aims to elevate its annual output from 250 to 2,500 drones using new robotic technologies.
Summary by OZbrief · The West Australian
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