Capital IQ Acquires Karman Drones Pvt. Ltd

Karman Space & Defense Acquires Five Axis Industries

October 28, 2025

Aerospace & Defense

Karman Space & Defense (NYSE: KRMN) acquired Five Axis Industries, an Arlington, Washington-based supplier of advanced nozzle and fuel system subsystems, for $83 million in cash plus approximately $5 million in Karman shares (about $88 million total). The acquisition, which closed October 28, 2025, expands Karman's propulsion and launch-system capabilities by adding proprietary nozzle, spun-form and 3D-printed Inconel technologies and was funded in part by an increase to Karman's Term Loan B.

Infinite Reality Acquires Drone Racing League for $250M

April 22, 2024

Media & Entertainment

Infinite Reality (iR) signed a definitive agreement to acquire the Drone Racing League (DRL) for $250 million, boosting iR's valuation to $3.5 billion. The acquisition brings DRL's technology, media assets and sports IP into iR's immersive, AI-powered entertainment platform and is expected to close in Q2 2024 subject to customary approvals.

UAS Drone Corp. Acquires Duke Robotics, Inc.

July 1, 2020

Aerospace & Defense

UAS Drone Corp. (OTC: USDR) completed its acquisition of Duke Robotics, Inc., with Duke Robotics becoming a wholly-owned subsidiary after a share exchange that issued Duke shareholders stock representing 71% of the post-transaction capitalization. The combined company will focus on Duke Robotics' military UAS technology (TIKAD) and Duke's management and board now hold key leadership positions in the combined business.

Harness Acquires Drone.io

August 5, 2020

Software

Harness has acquired Drone.io, the open-source continuous integration (CI) project founded by Brad Rydzewski. Harness says Drone will remain open-source and it will invest in the community and platform to create an integrated CI/CD offering.

DELAIR Acquires SQUADRONE SYSTEM

October 29, 2024

Aerospace & Defense

DELAIR has acquired Grenoble-based drone manufacturer SQUADRONE SYSTEM, a specialist in drone swarms and automated industrial inspection. SQUADRONE SYSTEM was founded in 2014, employs ~22 people and had an estimated €2M revenue in 2024; the purchase accelerates DELAIR's dual civil and defense technological roadmap and strengthens its swarm and inspection capabilities.

XTI Aerospace Acquires Drone Nerds; Unusual Machines Invests $25M in XTI

November 10, 2025

Aerospace & Defense

XTI Aerospace acquired Drone Nerds, a major U.S. drone distributor and service provider, in a transaction announced in November 2025 that included approximately $40 million in purchase consideration. Concurrently, Unusual Machines made a $25 million strategic investment in XTI via convertible preferred stock to support XTI's expansion of vertical flight and unmanned aircraft systems (UAS) capabilities.