Drone drivers put London in sights

Strat Aero, a company that trains people to fly drones, could see its value soaring highStrat Aero, a company that trains people to fly drones, could see its value soaring high (Bloomberg)

A COMPANY that trains people to fly drones is set to land on the London Stock Exchange.

Strat Aero, which runs a pilot instruction centre in Roswell, New Mexico, hopes to capitalise on the booming demand for unmanned aerial vehicles, which are used for everything from dropping bombs in war zones to monitoring food crops and providing aerial shots in films.

The company, based at Gatwick, plans to raise up to £1m in a share offering on AIM, the junior market, which could value it at £6m. Beaufort Securities is handling the deal.

The use of drones has rocketed in recent years, especially by the US military, which has used them to make bombing and surveillance flights in Afghanistan and Pakistan.

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