Unusual Machines, Inc. (NYSE: UMAC) has been added to the Russell 2000® Index as part of the first 2026 Russell indexes reconstitution. The company was previously included in the Russell Microcap® Index. This move reflects the company's continued expansion as it increases U.S.-based manufacturing capacity and builds a more controlled, compliant drone component supply chain.

The Russell 2000® Index measures the performance of approximately 2,000 small-cap U.S. companies and is widely used by investment managers and institutional investors as a benchmark for small-cap equity portfolios.

"We've been focused on building a business that can deliver, expanding production capacity, strengthening the supply chain, and staying ready to meet demand," said Allan Evans, Chief Executive Officer of Unusual Machines. "Inclusion in the Russell 2000 reflects that progress and increases our visibility with a broader group of institutional investors."

Company Overview

Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio. The portfolio includes Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots. The company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot ecommerce store.

With a changing regulatory environment, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing multi-billion-dollar U.S. drone industry. According to Fact.MR, the global drone accessories market is currently valued at $17.5 billion and is set to top $115 billion by 2032.

Unusual Machines has leased an additional 14,000 square feet of manufacturing and operational space in Orlando, Florida, to support its growing battery business. The expansion complements the operations of Upgrade Energy, which Unusual Machines expects to acquire by mid-Q3. This strategic move aims to scale domestic manufacturing capabilities and ensure reliable supply for customers.

Upgrade Energy currently operates from an approximately 18,500-square-foot facility in California, focused on battery and power systems production. The upcoming acquisition and the new Orlando facility are designed to enhance the company's capacity to meet increasing demand. The Orlando site will support future growth while working alongside the existing California operations.

"Battery systems are critical, and several batteries are generally used with each drone," said Allan Evans, Chief Executive Officer of Unusual Machines. "This facility supports the next phase of our growth and expands our domestic manufacturing capabilities so we can be sure our customers get the parts they need."

The new facility is expected to bolster the company's battery and power systems business in the United States. By adding manufacturing capacity in Orlando, Unusual Machines aims to strengthen its supply chain and operational efficiency. The acquisition of Upgrade Energy remains on track to close by mid-Q3, pending final approvals.

Key Details

The expansion reflects Unusual Machines' commitment to scaling its battery business and enhancing its domestic manufacturing footprint. The integration of Upgrade Energy's operations is expected to further drive growth in the drone and power systems markets.