A TASER 10 VR Controller (VRC) manufactured by AXON at the Milipol homeland security and safety fair at the Parc des Expositions de Paris-Nord-Villepinte exhibition centre in Villepinte, near Paris, France, November 18, 2025. REUTERS/Benoit Tessier
A TASER 10 VR Controller (VRC) manufactured by AXON at the Milipol homeland security and safety fair at the Parc des Expositions de Paris-Nord-Villepinte exhibition centre in Villepinte, near Paris, France, November 18, 2025. REUTERS/Benoit Tessier
Nov 5 : TASER maker Axon Enterprise said on Thursday it would invest an additional $1.2 billion in drone maker Skydio and become its exclusive distributor in the US and Canada.
The deal highlights growing demand for drones among police, emergency response and government agencies.
• Shares of Axon slumped about 14 per cent to $329 in extended trading after it lowered its annual revenue growth forecast and missed analyst estimates for third-quarter profit
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
• The investment will increase Axon's stake in Skydio to about 37 per cent, valuing the drone company at $5.2 billion pre-money
• Skydio develops AI-powered autonomous drones used by public safety agencies and military customers across the US
• It said priority response times at agencies using Axon's Drone as First Responder (DFR) program have been reduced by as much as 65 per cent, with drones arriving before officers on about 80 per cent of deployed calls
• The deal consists of a mix of cash and Axon stock, with the transactions expected to close in the fourth quarter of 2026 and first quarter of 2027
• Additionally, Axon posted an adjusted profit per share of $1.72, missing Wall Street expectations of $1.88 apiece, according to data compiled by LSEG
• The company trimmed its full-year 2026 revenue growth forecast to about 30 per cent, citing "exclusion of three Federal Dedrone deployments totaling about $130 million"
Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.