12:13:07 EDT Fri 24 Jul 2026
Enter Symbol
or Name
USA
CA



Volatus Aerospace Inc
Symbol FLT
Shares Issued 725,838,256
Close 2026-07-23 C$ 0.50
Market Cap C$ 362,919,128
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Globe says Volatus told feds set up drone marketplace

2026-07-24 08:29 ET - In the News

The Globe and Mail reports in its Friday edition that Ottawa is creating a marketplace of drone suppliers to expedite the delivery of the low-cost technologies to the Canadian Armed Forces. The Globe's Pippa Norman writes that the Defence Drone Initiative marketplace was launched on Thursday with a request by the federal government for companies to apply to enter a pool of suppliers that the Armed Forces and Coast Guard can go to for specific products and services. This could include testing, prototype development or production opportunities. The initiative is being led by the Department of National Defence and the Defence Investment Agency and is a direct follow-on from the federal government's Defence Industrial Strategy, which was announced in February. It identified uncrewed and autonomous systems as one of 10 sovereign capabilities that the government wants to prioritize building at home, ensuring it has access to essential capabilities without necessarily having to rely on suppliers from outside the country. Sluggish, traditional project-based procurement doesn't lend itself to technologies such as drones that require constant iteration, testing and adaptation to keep up with a rapidly changing battlefield.

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