AIRO Group Holdings and Ukrainian defense company Bullet have signed a Letter of Intent to establish a joint venture dedicated to producing fixed-wing unmanned aerial vehicle technologies. The companies will have a 50-50 ownership of the joint venture, which is intended to expand production for high-speed interceptor drones in the United States and Ukraine, AIRO said Thursday.
The JV will pursue contracts with the Department of Defense, NATO and allied ministries.
What Will the AIRO-Bullet JV Offer
The partnership centers on increasing the production of Bullet’s high-speed interceptor drone platform by tapping into the U.S. manufacturing and defense infrastructure.
The drone interceptor, considered one of the fastest unmanned aerial defense systems, can fly at speeds of up to 300 miles per hour and has a range of up to 200 kilometers. It can carry payloads of up to 9 kilograms.
Its modular design, according to AIRO, ensures rapid deployment and adaptation across various mission requirements.
The drone interceptor has already proven real-world combat effectiveness in Ukraine.
“This partnership unites the innovation and front-line experience of Ukrainian engineers with AIRO’s manufacturing and program-management expertise,” commented Chirinjeev Kathuria, executive chairman of AIRO Group. “Together we will bring advanced aerial-defense capabilities to our allies while supporting Ukraine’s defense industry.”
The executive noted that the JV is in line with the U.S. government’s recent efforts to increase investments in domestic drone production. In June, the White House issued Executive Order 14307, or Unleashing American Drone Dominance, which aims to establish a strong and secure domestic drone sector. Pete Hegseth, the Department of Defense secretary and a 2025 Wash100 awardee, also recently announced steps to bolster drone production and drive military drone leadership.
“Joining forces with AIRO allows Bullet to expand our proven interceptor technology into new markets,” added Viacheslav Lvovych, director of Bullet. “Our shared objective is to deliver rapid, reliable air-defense solutions that strengthen Ukraine and the wider NATO alliance.”