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Investing.com – Newly public aerospace and defense company AIRO (NASDAQ:AIRO) has completed a 90-day training support mission for Naval Special Warfare (NSW), Investing.com has exclusively learned.
The news follows the drone maker’s successful June 13th IPO, which saw its stock surge 140% on its first day of trading.
The specialized Navy mission builds on strong revenue growth in 2024 and the first half of 2025 in the company’s military training division. AIRO deployed its fleet of fighter jets and specially modified Cessna twin-engine aircraft across California, Idaho, and Nevada to execute hundreds of Close Air Support (CAS) mission hours.
These operations were conducted under multiple award Indefinite Delivery Indefinite Quantity (IDIQ) contracts, including the Terminal Attack Controller Trainer (TACT) and Naval Special Warfare Air Support contracts.
"AIRO is honored to be recognized as a trusted provider of training solutions for the U.S. Department of Defense and allied clients around the globe, especially during today’s tumultuous geopolitical environment," said Dr. Chirinjeev Kathuria, Executive Chairman of AIRO.
The company recently received recognition as a mandated participant in the $5.7 billion Combat Air Force/Commercial Air Service (CAF CAS II) IDIQ contract. AIRO entered 2025 with continued support, conducting extensive CAS and Intelligence, Surveillance and Reconnaissance (ISR) missions as part of routine training and a major Air National Guard exercise.
AIRO has also launched additional training missions under new contracts with the U.S. Department of Defense, including a new contract marking 10 years of continuous support to NSW. The company has secured more than $30 million in contract awards in direct support of NSW.
The company’s expertise extends to international partners, with recent preparation for an exercise requiring Remotely Controlled Vehicles to serve as moving ground-based targets. The customer is expected to lease over 50 targets and utilize up to eight of AIRO’s RCV Control Teams.
"We are proud to continue delivering high-caliber training support to our military partners," said Joe Burns, CEO of AIRO Group. "Our expert aircrews and specialized aircraft, under our notable brand ’Coastal Defense’ remain at the forefront of CAS and ISR operations, ensuring our warfighters receive the most realistic and effective training available."