Distributed on behalf of ZenaTech
The drone industry is just starting to take off, creating opportunity for ZenaTech (NASDAQ: ZENA), Leonardo DRS Inc. (NASDAQ: DRS), Kratos Defense & Security Solutions (NASDAQ: KTOS), Ondas Holdings (NASDAQ: ONDS), and AIRO Group Holdings (NASDAQ: AIRO).
That’s because drones are quickly becoming an essential tool for the U.S. government, and multi-billion-dollar businesses involved in defense, construction, logistics, agriculture, oil and gas, public security and even deliveries.
Look at the drone-as-a-service (DaaS) market, for example.
According to Research and Markets, the industry is expected to be worth about $355.55 billion by 2032. All thanks to strong business demand for enhanced efficiency and cost-effectiveness. Plus, with DaaS there’s no need for upfront costs or operational licensing.
All of which is a solid catalyst for ZenaTech. It’s also what sets the company apart from its competition. Unlike its peers, ZenaTech is unique with its DaaS model for drones.
In fact, ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones. In addition, the company’s DaaS model is designed to provide flexible, on-demand access to drone services for surveying, inspections, maintenance, power washing, precision agriculture and more, eliminating the need to have to invest in drone hardware and software, worry about maintenance, regulatory compliance, or finding pilots.
The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.
Expanding its presence, ZenaTech Just Signed Agreements to Acquire Two Florida Companies, Expanding Drone as a Service Footprint into Aviation, Defense, and Power Washing
ZenaTech just signed offers to acquire two Florida-based companies expected to expand its US DaaS services footprint into drone-based power washing and new aviation, defense, government, and commercial customers. The acquisitions will unlock significant revenue potential as well as diversification across the Southeast region and nationally.
One proposed acquisition is a Florida-based power wash services company with operations across multiple counties, marking ZenaTech’s first US entry into the power washing sector. This acquisition will provide ZenaTech with a platform to scale drone-enabled power wash services rapidly to new markets, including airplane maintenance, aviation facilities, and defense infrastructure. Power washing in aviation uses high-pressure water and drone-assisted cleaning systems to remove dirt, debris, and contaminants from aircraft exteriors and infrastructure, and cleans and sanitizes interiors. The sector is poised to grow due to increasing fleet sizes, stricter safety and efficiency standards, and the rising adoption of automated, eco-friendly maintenance technologies.
The other proposed acquisition is a land surveying firm with over 30 years of history serving Florida-based developers and homebuilders. With a long-standing client base and trusted reputation, the Company believes this partnership will enhance its Southeast region DaaS presence and create a strong platform to expand drone services across additional construction and real estate customers, further consolidating the company’s regional footprint.
According to ZENA CEO Shaun Passley, Ph.D.:
“When finalized, these acquisitions will provide diversification and future revenue streams for Drone as a Service across our Southeast and national networks. Expanding our reach to aviation and defense is strategic as we believe the future of aviation maintenance is autonomous. By replacing ladders, scaffolding, and chemical-heavy processes with smart cleaning drones, for both interior and exteriors of planes, we hope to help airlines and defense operators set a new standard for safety, sustainability, and efficiency.”
To date, ZenaTech has now closed eight US acquisitions toward its goal of establishing 25 Drone as a Service locations across the US by mid-2026.
Other related developments from around the markets include:
Leonardo DRS Chairman and CEO Bill Lynn just said, “Leonardo DRS delivered another set of strong financial results marked by healthy bookings, solid organic revenue growth and continued profit and margin expansion in the second quarter. The need to deter and contest heightened global threats continues to bolster customer demand for our innovative, high-performance technologies. Amidst a more dynamic macro backdrop, we remain focused on disciplined execution and delivering differentiated capabilities to customers.”
Kratos Defense & Security Solutions reported its fourth quarter 2024 financial results, including Revenues of $283.1 million, Operating Income of $3.0 million, Net Income attributable to Kratos of $3.9 million, Adjusted EBITDA of $25.2 million and a consolidated book to bill ratio of 1.5 to 1.0. Fourth quarter 2024 Net Income and Operating Income includes non-cash stock compensation expense of $6.8 million, Company-funded Research and Development (R&D) expense of $10.6 million, including efforts in our Space, Satellite, Unmanned Systems and Microwave Electronic businesses, and expense to accrue $3.2 million related to an employee benefit plan assumed by the Company in an acquisition completed in 2011. Kratos reported fourth quarter 2024 GAAP Net Income attributable to Kratos of $3.9 million and GAAP Net Income per share of $0.03, compared to GAAP Net Income attributable to Kratos of $2.4 million and GAAP Net Income per share of $0.02, for the fourth quarter of 2023. Adjusted earnings per share (EPS) was $0.13 for the fourth quarter of 2024, compared to $0.12 for the fourth quarter of 2023.
Ondas Holdings, a leading provider of private industrial wireless networks and commercial drone and automated data solutions, today announced a definitive agreement to acquire Apeiro Motion, an Israeli developer of advanced ground robotics, fiber optic communications systems and mission-critical automation technologies which will be operated under the Company's Ondas Autonomous Systems business unit. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2025. "Apeiro will bring to Ondas a rare combination of world-class engineering talent, field-proven platform development capabilities, and trusted relationships with premier defense customers," said Eric Brock, Chairman and CEO of Ondas. "Their team has shown an exceptional ability to deliver mature, mission-ready autonomous systems that are both innovative and operationally valuable. We believe this acquisition will align perfectly with our strategy to lead the autonomous defense and security sector by bringing operating scale, commercial reach, and platform integration to the next generation of dual-use robotic technologies."
AIRO Group Holdings, a global leader in advanced aerospace and defense technologies, today announced at EAA AirVenture 2025 in Oshkosh, WI, the development of its new middle-mile, medium-lift cargo drone and the expansion of its operations into the YMX Innovation Zone in Mirabel, Quebec. The initiative is led by its Electric Air Mobility segment, Jaunt Air Mobility, and its Canadian subsidiary, Jaunt Air Mobility Canada. Jaunt’s presence in this hub for Advanced Air Mobility (AAM) innovation strengthens its collaboration with Vertiko Mobilité, a Canadian leader in AAM operations and ground infrastructure development, and benefits from the support of Aéroports de Montréal (ADM). The new cargo drone is designed to carry 250–500 lbs. over distances of 200+ miles, aiming to provide an efficient, low-emission alternative to traditional middle-mile freight solutions such as box trucks and tractor-trailers.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for ZenaTech by ZenaTech. We own ZERO shares of ZenaTech. Please click here for full disclaimer.
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