Aerodrome Group jumps 80% after major drone order

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Aerodrome Group produces drones for intelligence gathering by buying, analyzing and processing information for era of superior digital based mostly 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 Trade (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% at present.

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

Drone co Aerodrome Group jumps on international order

Aerodrome Group’s share value has been notably unstable in the course of the battle. Within the opening few weeks of the battle 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 at present.

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