Unusual Machines (UMAC) is experiencing a notable rise in its stock price following the announcement of Brad Mello's appointment as Vice President of Manufacturing. Mello's extensive experience in automotive manufacturing and industrial automation is expected to significantly advance the company's domestic production of drone components. His initial focus will be on establishing in-house manufacturing for high-performance brushless motors, which are crucial for the FPV (first-person view) market. This strategic move aligns with Unusual Machines' goal to vertically integrate production, thereby enhancing supply chain resilience and reducing time-to-market. The market appears to be responding positively to this development, viewing it as a step towards strengthening the company's position in the U.S.-made drone components sector.
UMAC shares are currently trading at $12.50, marking a 13.02% increase from the previous close of $11.06 and a 6.66% rise from the opening price of $11.72.