What Happened
Canadian Company Expands In Defence And SaaS Markets
Volatus Aerospace is transforming into a major integrated defence tech provider with a focus on unmanned aerial systems, data analytics, and software solutions. The company has successfully transferred technologies from civilian applications to the defence sector, with revenue in this area doubling last year. Volatus has received several landmark orders, including a defence contract from NATO worth up to CAD 9 million. The company’s SaaS platform, SKYDRA, generates recurring revenue with high margins. This development was reported by Unknown Source.