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 (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.
DEFSEC (NASDAQ:DFSC, TSXV:DFSC) announced board changes on April 20, 2026: David Ibbetson, former General Manager of General Dynamics Mission Systems International, joined the board, and director Paul Mangano retired. The moves aim to strengthen DEFSEC's strategic leadership and support increased participation in Canada’s Defence Industrial Strategy.
DEFSEC Technologies (TSXV:DFSC, NASDAQ:DFSC) announced on Dec 5, 2025 that it will staff a total of 39 roles for government services commencing February 2026, up 62.5% from 24 roles previously disclosed. Effective February 2026, DEFSEC's go-forward annualized program billings are expected to rise to approximately CAD$8.3M (from CAD$5.1M previously reported) and to be ~704% higher than FY2024 programmatic revenue of CAD$1.0M. Annualized gross margin contribution on programmatic work is expected to reach ~CAD$2.3M (an ~845% increase versus FY2024).
The company will subcontract 13 of 15 new roles from ADGA and says commencement is subject to customary onboarding procedures.