Drone company Strat Aero to land on London Stock Exchange

The SkyRanger drone is used by US military Photo: Strat Aero.

A Gatwick-based firm which teaches people how to fly drones will launch on London’s Aim market on Monday.

Strat Aero plc, which has a training complex in New Mexico, expects to raise more than £650,000 from investors on the junior market, valuing the firm at £6.2m. The company, headquartered at Gatwick Airport, has already raised £500,000 from private investors.

Strat Aero, which was founded in 2013, offers training and consultancy in the use of Unmanned Aerial System, commonly referred to as drones, and has a contract with one of America’s top defence firms.

Already used in the military and by law enforcers, private firms are also looking at the potential of drones, most notably Amazon. This week the world’s largest online retailer announced it was looking for experts to help develop its drone-based delivery service in Cambridge.

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