DealsJun 2, 2026, 08:31 AM
KULR Secures Drone Battery Prototype Deal with US Defense Manufacturer
AI Summary
KULR Technology Group, Inc. announced a prototype development and fabrication agreement with a U.S.-based defense drone manufacturer. Under the agreement, KULR will design, develop, test, and deliver prototype lithium-ion battery packs for unmanned aerial vehicles and handheld controllers, establishing itself as a qualified battery source for the customer's platform. This initiative supports the Pentagon's Drone Dominance program and positions KULR within the rapidly growing domestic drone production sector, with the global drone battery market projected to reach $45.64 billion by 2035.
Key Highlights
- KULR signed a prototype development and fabrication agreement with a U.S.-based defense drone manufacturer.
- Agreement covers design, development, testing, and delivery of prototype lithium-ion battery packs for UAVs and handheld controllers.
- KULR will execute system-level design, battery architecture, fabrication, functional and safety testing, and production readiness.
- This establishes KULR as a qualified battery source for the customer's platform, creating a foundation for long-term revenue.
- The deal aligns with the Pentagon's $1.1 billion Drone Dominance program, aiming to field 300,000 attack drones by 2027.
- Pentagon requested $75 billion for drones and counter-drone systems in the proposed $1.5 trillion defense budget.
- Global drone battery market is projected to grow at a CAGR of 17.65% to approximately $45.64 billion by 2035.
Price Impact
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