What Happened
Canadian Company Delivers Under C$9 Million Contract
Volatus Aerospace has delivered its first batch of ISR training drones to a NATO customer, worth approximately C$4.5 million, under a contract capped at C$9 million. The company has also booked follow-on orders as the customer exercises its option for a second tranche. Volatus Aerospace targets 60-65% of its revenue to come from defence, with a current defence order backlog valued at over C$100 million. This development was reported by Unknown Source.