What Happened
Canadian Drone Specialist Expands US Presence Amid Defense Contracts
Volatus Aerospace, a Canadian drone specialist, has filed for an exemption with the Federal Aviation Administration to operate its FlyingBasket FB3 unmanned aircraft for cargo transport and other missions. The company has also secured a five-year contract with the Canadian government to supply tactical unmanned ISR reconnaissance aircraft to the Canadian Armed Forces, with options for up to 4,900 additional units. Volatus Aerospace’s V-Cortex system has completed successful flight tests, demonstrating navigation without GNSS satellite signals. The company’s stock price has been uneven since the announcements, with a decline of 4.8% over the past two weeks. This development was reported by Unknown Source.