Draganfly Selected by Government of Canada to Supply Low-Cost Tactical ISR UAS to the Canadian Armed Forces
A new five-year Canadian defence contract gives Draganfly a firm UAS order plus sizable optional volume and support work potential.
Rhea-AI Summary
Draganfly (DPRO) has been awarded a five-year contract by the Government of Canada to supply Low-Cost Tactical ISR uncrewed aircraft systems (UAS) to the Canadian Armed Forces.
The initial award covers a firm order for 100 UAS systems, including ground control stations, payloads, data links, support equipment, documentation, spare parts and training. Pricing for these initial systems is commercially sensitive and not disclosed. Under the agreement, Canada may, at its sole discretion, order up to an additional 4,900 systems, which would bring the total to 5,000 UAS if all options are exercised.
The contractual option for the additional 4,900 systems has an aggregate value of approximately C$24.25 million, subject to appropriate written authorizations. The contract also provides options for additional training and ongoing support, and follows Draganfly’s qualification in all five categories of Canada’s Defence Drone Initiative Marketplace.
Positive
- Five-year Canadian Armed Forces contract for low-cost tactical ISR UAS
- Firm commitment for 100 UAS systems plus associated equipment and training
- Options for up to 4,900 additional systems, total potential 5,000 UAS
- Optional 4,900-system tranche valued at about C$24.25 million if fully exercised
Negative
- None.
Details
Market reaction after five-year contract award: DPRO +5.48%
Following this news, DPRO has gained 5.48%, reflecting a notable positive market reaction. The stock is currently trading at $5.77. Trading volume is elevated at 2.4x the average, suggesting notable buying interest.
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Key Figures
- Contract term
- Five years
- Government of Canada contract
- Initial systems
- 100 UAS systems
- Firm initial commitment
- Additional options
- Up to 4,900 UAS systems
- Discretionary options under the agreement
- Total potential systems
- 5,000 UAS systems
- If all available options are exercised
- Option aggregate value
- C$24.25 million
- Additional options if exercised in full
Historical Context
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Qualified supplier status created a pathway for Canadian defence contract opportunities
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
isr technical
uas technical
uncrewed aircraft systems technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Initial contract includes 100 Low-Cost Tactical ISR UAS systems, with options for Canadian Armed Forces to acquire up to 4,900 additional systems
Calgary, Alberta, Sept. 11, 2026 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading developer of drone solutions and systems, today announced that it has been awarded a five-year contract by the Government of Canada to provide Low-Cost Tactical Intelligence, Surveillance and Reconnaissance (“ISR”) Uncrewed Aircraft Systems (“UAS”) to the Canadian Armed Forces (“CAF”).
The initial contract includes a firm commitment for 100 Low-Cost Tactical ISR UAS systems, together with associated ground control stations, payloads, data links, support equipment, documentation, spare parts and training. Contracted pricing for the systems is commercially sensitive.
Under the five-year agreement, the Government of Canada has retained the right, at its sole discretion, to order up to an additional 4,900 UAS systems. If all available options were exercised, the total number of UAS systems supplied under the agreement to the Government of Canada would be 5,000. The contractual option for the additional 4,900 UAS systems has an aggregate value of approximately C
The contract also includes initial cadre training for CAF personnel and provides Canada with options for additional training. Draganfly will support the program across system delivery, training, sustainment, spare parts, documentation, software and firmware support.
Draganfly was recently accepted as a qualified supplier in all five categories of Canada’s Defence Drone Initiative (“DDI”) Marketplace. This contract represents a subsequent procurement by the Government of Canada under the initiative and advances Draganfly’s participation in Canada’s expanding domestic defence and uncrewed systems ecosystem.
“This award is an important milestone for Draganfly and a meaningful opportunity to support the Canadian Armed Forces with systems designed to be fielded, supported and scaled in response to real operational requirements,” said Cameron Chell, President and CEO of Draganfly. “Canada is moving quickly to strengthen its sovereign defence capabilities and domestic industrial base. We are proud that Draganfly’s technology and team have been selected to contribute to that effort and look forward to delivering these systems into the hands of Canadian operators.”
Canada’s Defence Drone Initiative is intended to accelerate access to Canadian-developed uncrewed and autonomous capabilities while strengthening the country’s domestic defence industrial base. Low-cost tactical ISR drones are one of the initiative’s initial priority areas, with a focus on secure and affordable systems that can be widely deployed, field-tested and adapted based on operator requirements.
About Draganfly
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is a leader in cutting-edge drone solutions and software that are transforming industries and serving stakeholders globally. Recognized for innovation and excellence for over 25 years, Draganfly delivers award-winning technology to the public safety, civil, military, agriculture, industrial inspection, security, mapping, and surveying markets. The Company is driven by passion, ingenuity, and a mission to provide efficient solutions and first-class services to customers worldwide, saving time, money, and lives.
For more information, visit www.draganfly.com.
For investor details, visit:
NASDAQ (DPRO)
CSE (DPRO)
FSE (3U8)
Media Contact
Erika Racicot
Email: media@draganfly.com
Company Contact
Cameron Chell
Chief Executive Officer
(306) 955-9907
Email: info@draganfly.com
Forward-Looking Statements
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this release include, but are not limited to: the aggregate number of UAS systems CAF will order based on exercises of options; that Draganfly expand will role in Canada’s Defence Industrial Strategy. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: statements in respect of Draganfly’s partnerships, capabilities, expertise, and financial condition; the successful integration of technology, the inherent risks involved in the general securities markets; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties disclosed under the heading “Risk Factors“ in the Company’s most recent filings filed with securities regulators in Canada on the SEDAR+ website at www.sedarplus.ca and with the U.S. Securities and Exchange Commission on the EDGAR website at www.sec.gov.
The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents managements’ best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
FAQ
What services beyond delivering the UAS hardware will Draganfly provide under this contract?
Draganfly will support the program across system delivery, training, sustainment, spare parts, documentation, software and firmware support. The contract includes initial cadre training for Canadian Armed Forces personnel and provides Canada with options for additional training.
How does this contract relate to Canada’s Defence Drone Initiative Marketplace?
Draganfly was recently accepted as a qualified supplier in all five categories of Canada’s Defence Drone Initiative Marketplace. This UAS contract is described as a subsequent procurement under that initiative and advances Draganfly’s role within Canada’s domestic defence and uncrewed systems ecosystem.