What Happened
Canadian Drone Maker Gains Access To Ottawa's Defence Drone Initiative
Volatus Aerospace has secured a supplier status for Canada’s Defence Drone Initiative, lifting its shares. However, the company has also trimmed its 2026 revenue forecast to C$50.6 million. The Canadian drone maker has announced partnerships with Kraus Hamdani Aerospace and Concordia University, and has unveiled its V-Cortex platform. The company’s financial picture is mixed, with revenue declining but equipment sales and services business growing. This development was reported by an unknown source.