Astro Aerospace Ltd. develops self-piloted and autonomous, manned and unmanned, and electric vertical take-off and landing aerial vehicles. It intends to provide the market with aerial transportation for humans and cargo. The company was formerly known as CPSM, Inc. and changed its name to Astro Aerospace Ltd. in March 2018.

Astro Aerospace Ltd. was incorporated in 2007 and is headquartered in Lewisville, Texas.