Aerodrome Group jumps 80% after major drone order

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Aerodrome Group produces drones for intelligence gathering by buying, analyzing and processing knowledge for era of superior digital primarily based AI insights.

The share value of Aerodrome Group (TASE: ARDM) has risen 80% over the previous two days after the corporate notified the Tel Aviv Inventory Change (TASE) yesterday that it had acquired a NIS 137 million order to produce drones and accent merchandise to a authorities. The share value rose 64% yesterday and an extra 16.62% as we speak.

Aerodrome Group produces drones for intelligence gathering by buying, analyzing and processing knowledge for era of superior digital primarily based AI insights. Underneath the phrases of the brand new order the drones might be provided over 12 months with deliveries commencing within the first quarter of 2025 topic to the issuing of a procurement order by the shopper.

Aerodrome Group jumps 80% after major drone order

Drone co Aerodrome Group jumps on overseas order

Aerodrome Group’s share value has been significantly unstable through the struggle. Within the opening few weeks of the struggle the share value jumped from NIS 0.38.2 to NIS 0.90, fell again to NIS 0.60 in November 2023, jumped to NIS 1.16 on the finish of Could earlier than falling to NIS 0.35 final month. The share value closed at NIS 0.75.8 as we speak.

Printed by Globes, Israel enterprise information – en.globes.co.il – on October 21, 2024.