What Happened
Canadian Company Expands Into Defense Market With Drone Technology
Volatus Aerospace is positioning itself for growth in the defense drone market, leveraging its commercial drone operations and aviation experience. The company has established a manufacturing facility in Mirabel, Quebec, and has received a Canadian government contract valued at up to C$25 million. Volatus’ commercial business includes visual and thermal intelligence, radar imaging, and precision mapping, and the company is pursuing larger, recurring contracts in oil and gas, critical infrastructure, and utility transmission. This development was reported by MarketBeat.