UMAC News & Events

Unusual Machines announced it has signed a definitive agreement to acquire DroneNX LLC, which operates as Upgrade Energy, a manufacturer of battery and power systems solutions for unmanned aerial systems. The transaction is valued at approximately $52M and is expected to consist of a combination of cash and stock consideration, including a performance-based earnout. "Batteries are a foundational part of drone power systems and have a huge impact on performance and reliability," said Allan Evans, CEO of Unusual Machines. "Upgrade Energy adds the best battery and power systems expertise we have worked with. In addition to the battery expertise, Matt and the entire Upgrade team share our culture, attitude, and represent a huge windfall in terms of adding talent to our workforce."

In new Questions for the Record following last week's Senate Armed Services Committee Hearing, U.S. Senator Elizabeth Warren, pressed Secretary of Defense Pete Hegseth about President Trump's sons' ties to defense contractors and how the DoD is handling these financial conflicts of interest. The questions come as a follow-up to last week's hearing of the Senate Armed Services Committee, and days after reports indicated that Powerus, a drone company backed by the Trump sons, had recently obtained a new Air Force contract. Senator Warren's questions for Secretary Hegseth include: Justifications for loans and contracts offered to several companies in which the Trump family is financially invested; Whether Donald Trump Jr. has held any role in vetting candidates for top Pentagon positions; and Details of any conversations Secretary Hegseth had with the Trump family or their representatives regarding military contracts leading up to his confirmation. The questions specifically call out drone company Unusual Machines, The Fly notes.

Unusual Machines announced it has initiated approximately $75M in strategic purchase orders to secure access to materials and inventory across its drone component product lines. This approach positions the Company to capture accelerating demand over the coming 12 months with a prepared, compliant, and scalable supply chain, enabling customers to meet expanding requirements. The Company recently raised approximately $150M to fund inventory investment and supply chain readiness, including long-lead materials critical to future production and customer delivery timelines.