10:59:56 EDT Wed 15 Jul 2026
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Volatus Aerospace Inc
Symbol FLT
Shares Issued 725,838,256
Close 2026-07-14 C$ 0.55
Market Cap C$ 399,211,041
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Globe says Volatus told feds keen on drone development

2026-07-15 08:34 ET - In the News

The Globe and Mail reports in its Wednesday edition that Ottawa is establishing a new secure facility for industry to test and experiment with uncrewed defence systems, as part of the federal government's effort to accelerate the development of the technology through its defence buildup. The Globe's Pippa Norman writes that in an announcement Tuesday, Defence Minister David McGuinty said the Uncrewed Systems Defence Innovation Secure Hub will be based in Mirabel, Que., where the federal government has already begun to build a separate centre for drone development. "Drones are changing the way modern militaries operate, and Canada must be ready to develop, test and adopt these technologies at speed," Mr. McGuinty said in a statement. The hub is part of a national network of facilities Ottawa is establishing to develop the technologies identified as areas of sovereign capabilities through its Defence Industrial Strategy. The uncrewed systems hub is the second in this network to be established, after a maritime hub was launched as a pilot in November, in Dartmouth, N.S. Similar to the first hub, the feds have committed $29-million over two years for the establishment and initial operations of the uncrewed systems hub.

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