What Happened
Canadian Company Expands in Aviation Services and Technology
Volatus Aerospace presented itself as a company at the center of two markets: commercial aviation services and a fast-growing defense cycle. The company is shifting from a product-focused model to an integrated platform for mission systems, autonomy, and aviation services. Defense revenue is rising, with a target of 60% to 65% of total revenue. Volatus has a CAD 100 million defense backlog and CAD 61 million in cash. The company operates over 90 unmanned aircraft and 28 manned aircraft, and its technology is being refined through a large commercial operation in real environments. This was reported by Investing.com.