Beam Global signs non-binding LOI to acquire European drone tech firm

Beam Global

LOI signed Sep 22, 2026 to acquire vertically integrated European drone maker with AI software; deal non-binding, subject to due diligence.
Target holds U.S. Department of War Conditional Approval and FCC Covered List exemption for a drone; Beam plans U.S. manufacturing post-close.
Beam customers include U.S. Army, Marine Corps, Navy, DoW, British MoD; expects to sell drones across global footprint.
Global drone market estimated at $96.4B in 2026, ~40% in North America; Beam cites Trump's June 2025 drone dominance executive order.
CEO Wheatley calls acquisition 'one of the most significant strategic advances' in company history; no purchase price disclosed.

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