What Happened
Canadian Aerospace Firm Sees Revenue Growth Amid Supply Chain Challenges
Volatus Aerospace reported Q2FY26 revenue of $8.4 million, a 49.5% sequential increase from Q1, driven by growth in services and training. However, revenue fell 20% year-on-year due to delayed defense contracts, and gross margin contracted to 29.3%. The company is investing in new facilities and expanding its capabilities, with a focus on defense and aerospace. This article was first reported by an unknown source.