AIRO Group’s Jaunt Signs LOI For 10 JC250 Cargo Drones Valued At $15M - $20M In Canadian Logistics Partnership
Benzinga Newsdesk 4 hours ago
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AIRO Group Holdings, Inc. (NASDAQ:AIRO), a next-generation aerospace and defense company, today announced that Jaunt, its wholly owned Canadian subsidiary, has entered into a non-binding letter of intent with Vertiko
AIRO Group Holdings, Inc. (NASDAQ:AIRO), a next-generation aerospace and defense company, today announced that Jaunt, its wholly owned Canadian subsidiary, has entered into a non-binding letter of intent with Vertiko Mobilité for the proposed purchase of 10 JC250 drones and a strategic collaboration to develop autonomous cargo logistics operations in Canada using Jaunt’s JC250 vertical takeoff and landing (VTOL) unmanned heavy-lift cargo drone.
The collaboration envisions an initial deployment of the 10 JC250 drones, which would represent an estimated value of $15–20 million, based on Jaunt’s current indicative pricing. These drones are intended to initially support logistics services for First Nations communities in Quebec and continued operational testing, with plans to subsequently integrate them into a broader logistics network developed from Mirabel.