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EDGE takes control of Italian engine maker CMD, eyes large-volume drone engine orders
EDGE has completed its acquisition of a controlling stake in Italy's CMD and is discussing large-volume engine orders for its unmanned aircraft systems as an immediate industrial priority. The UAE group plans to expand manufacturing capacity, accelerate research and development, and develop CMD's piston-engine and next-generation propulsion businesses across aviation, maritime and automotive applications. Existing shareholders retain a significant minority holding and key management roles, with an integration plan still to be developed. The transaction follows a May 2026 agreement and does not itself confirm firm quantities or values for new drone-engine orders.