What Happened
High-Profile Backing For Cutting-Edge Drone Solutions
Canadian drone maker Draganfly has announced a major investment from a company backed by Donald Trump Jr., just weeks after winning a lucrative government contract to supply thousands of drones to the Canadian Armed Forces. The $10-million investment will facilitate new hires and expand manufacturing capability, with no board seats or special rights attached. Draganfly plans to expand to Edmonton and Ottawa, and currently maintains its U.S. operations in Tampa, Fla. The investment was announced this week, according to reports.