Press release
AIRO Group Holdings to Join Russell 2000® and Russell 3000® Indexes, Marking a New Era in Aerospace and Defense Innovation
ALBUQUERQUE, N.M. & MONTREAL & STØVRING, Denmark & WASHINGTON--(BUSINESS WIRE)-- AIRO Group Holdings, Inc. (NASDAQ: AIRO) (“AIRO” or the “Company”), a global
About this update from Airo Group Holdings, Inc.
[{"type":"text","content":" ALBUQUERQUE, N.M. & MONTREAL & STØVRING, Denmark & WASHINGTON--(BUSINESS WIRE)--\nAIRO Group Holdings, Inc. (NASDAQ: AIRO) (“AIRO” or the “Company”), a global leader in advanced aerospace and defense technologies, today announced that it is expected to be added to the Russell 2000® and Russell 3000® Indexes, effective before markets open on September 22, 2025. This inclusion reflects AIRO’s continued growth and increasing relevance in the public equity markets, and marks a significant milestone in the Company’s evolution.\n\n\nExecutive commentary\n\n\nCaptain Joe Burns, CEO of AIRO Group Holdings:\n\n\n“Being added to the Russell indexes is a strong validation of the progress we’ve made as a company. Our second quarter performance highlighted the momentum we’re building across all of our business units. This milestone reflects the strength of our integrated aerospace platform and our ability to execute at scale. We’re energized by the road ahead and remain focused on delivering innovation and value to our shareholders.”\n\n\nDr. Chirinjeev Kathuria, Executive Chairman:\n\n\n“AIRO’s addition to the Russell indexes is more than a financial milestone—it’s a signal that the market is beginning to recognize the depth and breadth of our platform. We operate at the intersection of multiple high-growth domains, from electric air mobility and advanced avionics to defense training and drones. This visibility will help us connect with a broader investor base that shares our vision for transformative aerospace technologies and long-term value creation.”\n\n\nRecent strategic partnerships and initiatives\n\n\nAIRO continues to expand its global footprint and capabilities through key partnerships and operational milestones:\n\n\n- U.S. Manufacturing Expansion: AIRO announced plans to open a new U.S.-based manufacturing and engineering facility to scale production of its RQ-35 Heidrun ISR drone. The facility is expected to support next-generation drone development and meet AS9100 aerospace quality standards for defense and commercial markets.\n\n\n- Defense Training Contracts: The Company completed a specialized Naval Special Warfare training mission and launched new operations under multi-year IDIQ contracts. AIRO has secured over $30 million in defense awards to date, supporting JTAC programs and live-fire simulations across multiple U.S. ...