Morgan Lewis Advises Axon on $1.2B Investment in Drone Manufacturer Skydio

PHILADELPHIA, November 5, 2026: Morgan Lewis advised Axon (Nasdaq: AXON), a global provider of public safety technology, on an additional $1.2 billion investment in Skydio. The agreement, which will add approximately 20% to Axon’s fully diluted ownership in Skydio at a $5.2 billion pre-money valuation, builds on a partnership that is already bringing Skydio drones to public safety agencies across the United States, marking a major expansion of Axon’s Drone as First Responder program.

As a global technology company, Axon offers a public safety operating system, integrating hardware devices and cloud software solutions, that leads modern policing, defense, and security. Skydio is the largest US-based drone manufacturer and world leader in flying robots.

Morgan Lewis partners Aaron Suh, Jeff Bodle, and Lindsay Mozdziock and associates Matthew Gerarde and Fleur de Jong represented Axon.

For more, read the announcement.