18:37:45 EDT Thu 03 Sep 2026
Enter Symbol
or Name
USA
CA



Volatus Aerospace Inc
Symbol FLT
Shares Issued 725,838,256
Close 2026-09-03 C$ 0.52
Market Cap C$ 377,435,893
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Volatus selected as supplier by Canadian government

2026-09-03 17:20 ET - News Release

Mr. Rob Walker reports

VOLATUS AEROSPACE SELECTED FOR CANADA'S DEFENCE DRONE INITIATIVE MARKETPLACE

Volatus Aerospace Inc. has been selected as a qualified supplier under the government of Canada's Defence Drone Initiative (DDI) marketplace.

The qualification establishes Volatus as a prequalified supplier under the DDI marketplace and provides the company with a pathway to compete for future opportunities involving uncrewed and autonomous systems in support of the Canadian Armed Forces and Canadian Coast Guard.

"This qualification is an important step in positioning Volatus to support the requirements that will shape Canada's next generation of defence capabilities," said Glen Lynch, chief executive officer of Volatus. "Canada is building greater sovereign capacity in uncrewed and autonomous systems, and Volatus has been investing in the technology, manufacturing infrastructure, operational expertise and partnerships required to contribute to that objective. We look forward to competing for opportunities where our integrated capabilities can help move Canadian innovation from development and testing into operational use."

Launched by the government of Canada in July, 2026, the DDI is designed to accelerate the development, testing, adaptation, and production of uncrewed and autonomous systems while strengthening Canada's domestic defence industrial capacity.

For Volatus, qualification creates another pathway to bring together capabilities the company has been developing across advanced aviation, autonomous systems and operational delivery.

From its Innovation and Manufacturing Hub in Mirabel, Que., and operations control centre in Vaughan, Ont., the company is building the foundations to support the development, integration, production and operation of Canadian uncrewed systems.

Qualification under the DDI marketplace does not constitute the award of a procurement contract or guarantee future revenue. Instead, it establishes Volatus as part of the government of Canada's prequalified supplier pool and enables the company to compete for applicable future requirements issued through the marketplace.

Volatus intends to pursue opportunities aligned with its capabilities as Canada advances the DDI and broader efforts to strengthen sovereign defence production, technology and operational readiness.

The company views its selection as another important step in its strategy to establish an end-to-end Canadian capability spanning the development, manufacture, integration, and operation of advanced uncrewed and autonomous systems.

About Volatus Aerospace Inc.

Volatus Aerospace is a Canadian-headquartered global aerospace and defence company delivering intelligence and cargo solutions through piloted and remotely piloted aircraft systems. With operations, training programs and strategic partnerships spanning multiple continents, Volatus supports government, defence and commercial customers worldwide. The company leverages advanced technologies, remote operations expertise and aviation experience to solve complex operational challenges in demanding environments.

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