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Drone firm valued £4.5bn

Drone firm valued £4.5bn

Ukrainian-founded London drone maker UForce reached a £4.5bn valuation after raising more than £500m, including £113m from the UK’s national wealth fund. The company, whose military drones have been used extensively in Ukraine, said the funding would expand production for Ukraine and its allies; the UK Ministry of Defence said more than 70% of each UK-built boat’s components would come from British suppliers.

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