What Happened
Canadian Drone Firm Posts Record Liquidity Amid Defense Delays
Volatus Aerospace has trimmed its 2026 revenue forecast to C$50.6 million, down from an earlier projection of C$56 million, due to a delayed defense contract. Despite this, the company has posted record liquidity and signed strategic partnerships with Kraus Hamdani Aerospace and Singular Aircraft, targeting autonomous intelligence and heavy-lift platforms. The revised outlook follows a second quarter with a 20% revenue drop, attributed to supply chain disruptions. This development was reported by an unknown source.