23:00:16 EDT Wed 11 Mar 2026
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Volatus Aerospace Inc
Symbol FLT
Shares Issued 670,186,587
Close 2026-03-11 C$ 0.82
Market Cap C$ 549,553,001
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Volatus Aerospace signs offshore drone contract

2026-03-11 18:24 ET - News Release

Mr. Rob Walker reports

VOLATUS AEROSPACE EXECUTES CONTRACT TO DEVELOP AND COMMERCIALIZE HEAVY-LIFT OFFSHORE CARGO DRONE DELIVERIES FOR WIND TURBINE OPERATIONS

Volatus Aerospace Inc. has entered into a contract with a major offshore wind power company to develop and commercialize remotely managed, heavy-lift offshore drone delivery operations supporting cargo transfers between offshore vessels and the tops of wind turbine nacelles in international waters. The operational model reflects the growing role of uncrewed aerial logistics in complex maritime environments, where reliable ship-to-structure, ship-to-ship and ship-to-shore cargo transfer capabilities are becoming increasingly important.

The program will focus on enabling safe, dependable and repeatable aerial delivery by drone of tools, components and critical payloads of up to 100 kilograms (220 pounds) from vessels directly to offshore wind turbine nacelles, using a remotely managed operational model. This capability is intended to reduce reliance on traditional manual lifts and vessel-to-structure transfers, while supporting more efficient maintenance and servicing activities in offshore wind environments.

Under the contract, Volatus will provide full operational support, including mission planning, regulatory compliance, technical integration and flight operations. All cargo drone flights will be centrally controlled and operated from Volatus's operations control center, providing centralized command and control, real-time situational awareness, and strict adherence to established aviation and safety protocols throughout each mission.

The agreement reflects Volatus's focus on transitioning advanced offshore drone operations into commercially deployable services.

"Our focus is on operational execution and commercial viability," said Greg Colacitti, chief operating officer of Volatus Aerospace. "This funded program is structured to integrate a heavy-lift offshore delivery model into routine wind turbine maintenance. Centralized piloting and mission oversight through our operations control center provides an industrial delivery model that is repeatable, scalable and economically viable for long-term deployment across offshore wind operations and other demanding maritime logistics environments."

Operational models proven in offshore wind environments highlight the broader potential of remotely managed aerial logistics for maritime infrastructure and other mission-critical operations, enabling faster, safer ship-to-structure delivery.

The financial terms of the contract are confidential; however, the agreement is structured as a financed commercial development and operations program, aligned with Volatus's strategy to commercialize offshore cargo drone delivery services.

Capabilities developed through offshore wind logistics programs also contribute to the advancement of resilient autonomous aerospace systems applicable across critical infrastructure, maritime operations and other dual-use mission environments.

About Volatus Aerospace Inc.

Volatus Aerospace is a Canadian-based global aerospace and defence company delivering crewed and uncrewed aerial systems, manufacturing, advanced autonomy capabilities, and mission-critical operational services. The company provides aerial intelligence, inspection, logistics, surveillance, training,and autonomous aerial solutions supporting infrastructure, energy, public safety, health care and government operations.

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