XTI Aerospace appoints Dr. Allan Evans as Chairman to boost U.S. drone market growth.

XTI Aerospace has appointed Dr. Allan Evans as Chairman of its Board, expanding the board to five members and naming Jonathan Ornstein as Vice Chairman. Dr. Evans brings extensive drone industry experience, currently leading Unusual Machines and previously holding executive roles at Red Cat Holdings and Fat Shark. His expertise is expected to help XTI and its subsidiary Drone Nerds strengthen their position in the U.S. enterprise drone market amid a shift away from foreign manufacturers. This leadership change aims to capitalize on growing domestic demand for drone solutions in sectors like public safety, agriculture, and construction.

Following the leadership change at XTI Aerospace, Unusual Machines Inc. (UMAC) shares are trading at USD 19.55 on Pluang as of Oct 14, 2026 18:12 WIB, showing a modest 0.57% increase for the day. The company’s market capitalization stands at $971.15 million, reflecting steady investor interest despite the stock being well below its 52-week high of $34.06. This performance highlights the ongoing market attention on technology firms involved in drone and aerospace sectors.