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Unusual Machines has received a purchase order from Performance Drone Works (PDW) valued at $3.75 million to support PDW's AM-FPV program and strengthen the domestic drone supply base.
Unusual Machines signed a definitive agreement to acquire Rotor Lab Pty Ltd, an Australian developer and manufacturer of electric motors for drones, in an all-stock deal valued at $7.0 million (including a $3.0 million earnout). The acquisition is expected to close pending regulatory approvals and an employment agreement with Rotor Lab's CEO.