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Drone Maker Skydio Plans $3.5B Investment to Expand Production
San Mateo-based drone manufacturer Skydio has committed $3.5 billion to expand its domestic manufacturing, accelerate R&D and strengthen American supply chains. The investment is expected to create more than 2,000 new Skydio jobs, primarily in California, help create more than 3,000 additional roles within the U.S. supply chain and direct more than $1 billion to domestic suppliers, the company said.
“U.S. innovation invented the airplane, ramped up manufacturing to win WWII, put a man on the moon, broke the sound barrier and commercialized space travel,” said Skydio co-founder and CEO Adam Bry. “Skydio has proven that American companies can compete and win in the civilian drone market against products from our adversaries.”
In addition to the $1-billion investment in U.S. suppliers, Skydio plans to open a new U.S. manufacturing facility five times larger than its current space. The company said it has already outgrown four production facilities in eight years.
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