What Happened
Canadian Drone Maker Secures Five-Year Defence Deal
Draganfly Inc. has announced two key developments: the completion of a $50 million U.S. equity offering and the award of a five-year contract by the Government of Canada to supply Low-Cost Tactical ISR uncrewed aircraft systems. The initial firm order includes 100 systems, with options for up to 4,900 additional systems valued at approximately C$24.25 million if fully exercised. Draganfly plans to use the net proceeds from the equity offering for general corporate purposes, including funding demand for new products and working capital. This news was first reported in a Form 6-K filing with the U.S. Securities and Exchange Commission.