DEFSEC Technologies Inc. develops and commercializes next-generation tactical systems for military, security and public-safety users. Company news centers on BLISS, its Battlespace Laser Identification Sensor System, the earlier BLDS laser-detection system, DEFSEC Lightning real-time situational awareness software, TAK-based integration, drone and electronic-detection countermeasures, and the PARA SHOT less-lethal product line.
Updates also cover product shipments for U.S. military evaluation, SaaS subscription activity for Lightning, financial results and MD&A-related announcements, restated interim statements, annual meeting outcomes, incentive-plan and auditor approvals, and board or executive appointments tied to governance and defense-industry commercialization.
DEFSEC Technologies (DFSC) reported preliminary unaudited cash and cash equivalents of approximately $7.7 million at September 30, 2026.
Cash was $3.5 million at June 30, 2026, with $0 debt at both dates. The change reflects August equity offering proceeds net of fourth-quarter operating activities. At October 20, 2026, 4,593,998 common shares were outstanding, with 24,575 pre-funded warrants remaining to be converted.
DEFSEC is adding business development and marketing resources as part of its strategy to grow ARWEN sales and cross-sell public safety products. ARWEN 40mm baton ammunition is now in full-rate production. Demonstrations of BLISS pre-production units to the U.S. Army were completed in August.
DEFSEC Technologies (DFSC) announced several board of director changes effective as it approaches its 2027 fiscal year starting October 1, 2026.
George Weber, former Chairman of Calian Group (TSX: CGY), joins DEFSEC’s board as Vice-Chairman. David Luxton transitions from Executive Chairman to Non-Executive Chairman, while Paul Fortin retires from the board after serving since DEFSEC went public in 2021. Management said Weber’s experience in defence, security, public safety and software, and his public company governance background, will support DEFSEC’s planned expansion into public safety markets in FY 2027.
DEFSEC also reported it is presenting at the H.C. Wainwright 28th Annual Global Investment Conference held September 14–16 at the Lotte New York Palace Hotel.
DEFSEC Technologies (TSXV/NASDAQ: DFSC) closed its previously announced private placement, issuing 1,951,219 common shares (or pre-funded warrants in lieu) at CAD$2.84 (US$2.05) per security, together with common share purchase warrants for up to 1,951,219 additional shares.
Each common warrant is immediately exercisable at CAD$3.30 per share for 60 months, while each pre-funded warrant is exercisable at CAD$0.001 per share. Gross proceeds totaled approximately CAD$5.54 million (US$4.0 million). According to DEFSEC, net proceeds will support business and market development, intellectual property protection and registrations, and general working capital. H.C. Wainwright & Co. acted as exclusive placement agent, receiving a 7.5% cash fee on gross proceeds and placement agent warrants equal to 7.5% of the securities sold, exercisable at CAD$3.55 for 60 months.
DEFSEC Technologies (TSXV: DFSC; NASDAQ: DFSC) has entered into definitive agreements for a non-brokered private placement of 1,951,219 common shares (or pre-funded warrants) at CAD$2.84 (US$2.05) per security, together with 1,951,219 five-year common share purchase warrants exercisable at CAD$3.30.
The Offering is expected to generate gross proceeds of approximately CAD$5.54 million (US$4.0 million) before fees, with H.C. Wainwright & Co. as exclusive placement agent. According to DEFSEC, net proceeds will fund business and market development, IP protection and registrations, and general working capital. Closing is targeted on or about August 18, 2026, subject to customary conditions including TSX Venture Exchange approval.
DEFSEC Technologies (TSXV: DFSC, NASDAQ: DFSC) reported Q3 Fiscal 2026 revenue of $2.7 million, up 92% from Q3 2025, driven by a 121% increase in digitization services on government programs. Gross margin dollars rose 126% to $0.9 million, with gross margin improving to 33.1% from 28.2%.
Operating expenses increased to $3.5 million, and Adjusted EBITDA loss widened to $(1.9) million. As of June 30, 2026, DEFSEC reported cash and short-term investments of $3.5 million, trade receivables of $2.3 million, and working capital of $3.7 million.
During the quarter, DEFSEC launched Lightning 2.0 and ARWEN 40mm ammunition, completed U.S. Army testing of its BLISS laser warning system, and received an invitation to a further U.S. Army-hosted sensor evaluation in late August 2026.
DEFSEC Technologies (NASDAQ: DFSC) closed a registered direct offering of 673,006 common shares at CAD$3.74 per share, raising gross proceeds of about CAD$2.5 million.
Concurrent unregistered warrants for 673,006 shares and 50,475 placement-agent warrants were issued, with net proceeds earmarked for working capital and general corporate purposes.
DEFSEC Technologies (NASDAQ: DFSC) entered definitive agreements for a registered direct offering of 673,006 common shares at CAD$3.74 per share, for expected gross proceeds of about CAD$2.5 million. Concurrently, it will issue 673,006 unregistered warrants at CAD$4.39, immediately exercisable for five years.
DEFSEC Technologies (NASDAQ: DFSC) reported Q2 Fiscal 2026 revenue of $2.12 million, up 68% year-over-year, with government subcontract task order revenue up 81%. Gross margin rose to $626k, and gross margin percentage increased 19% over Fiscal 2025.
Defense program billings reached an annualized run-rate of about $9.41 million. Cash and short-term investments were $3.0 million, with trade receivables of $2.0 million. The company highlighted first PARA SHOT sales, BLISS prototype deliveries, DEFSEC Lightning SaaS release, and commercial launch of ARWEN 40mm ammunition, plus a new U.S. law-enforcement customer.
DEFSEC (TSXV: DFSC, NASDAQ: DFSC) announced on May 6, 2026 the commercial release of Lightning™, a TAK-based, cloud-hosted real-time situational awareness SaaS for first responders and defence use. Pricing is CAD $15–$50 per end-user/month. Initial customer onboarding has begun and multiple patents are pending.
The platform supports real-time location, encrypted multimedia, sensor fusion, interoperability, and mission-specific toolkits for GSAR and sniper/surveillance workflows.
DEFSEC (TSXV/NYSE: DFSC) shipped two new networked BLISS (Battlespace Laser Identification Sensor System) units to the U.S. Army Yuma Test Center on April 29, 2026, for test and evaluation. BLISS is a patent-pending, enhanced, networked evolution of the earlier BLDS system designed to detect and share laser-warning data across the battlespace.
The miniaturized sensors can mount on vehicles, infrastructure, or personnel, capture laser pulse signatures to help identify source and intent, and will be showcased at CANSEC on May 27-28, 2026.