Distribution

Axon plans to invest an additional $1.2 billion in Skydio, increasing its fully diluted stake to 37% and making it Skydio’s exclusive public-safety distributor in the United States and Canada. The move could enable bundled drone and public-safety purchases while limiting channel alternatives; Axon also removed three Federal Dedrone deployments worth about $130 million in expected revenue from its 2026 outlook, underscoring federal procurement timing risk.