Draganfly (DPRO) Stock News

Canada has announced an $80 billion defense modernization package, with Draganfly (DPRO) positioned to benefit from the increased focus on drone technology and domestic manufacturing. The company has successfully integrated Department of National Defence (DND)-specified radio communications systems into its drone platforms, enhancing its eligibility for upcoming federal UAS procurements. Approximately 20% of the $80B investment is expected to be allocated to next-generation battlefield technologies, with drones taking a significant portion. Draganfly's domestic manufacturing capabilities, existing military customer base, and compliance with Industrial and Technological Benefits (ITB) policy make it well-positioned to capitalize on upcoming RFIs and RFPs expected in late 2025, with potential contract awards by Q1 2026.

Draganfly Inc. (NASDAQ: DPRO) has announced the pricing of a public offering to raise US$13.75 million. The offering consists of 5,500,000 units priced at US$2.50 per unit, with each unit including one common share and one warrant. The warrants have an exercise price of CA$5.0768 (US$3.71) per share, are immediately exercisable, and will expire in five years. Maxim Group LLC is serving as the sole placement agent. The company plans to use the proceeds for general corporate purposes, including funding new product demand, working capital, potential acquisitions, and R&D initiatives. The offering is expected to close around June 12, 2025, subject to customary conditions and regulatory approvals. The securities will be offered exclusively in the United States under an effective shelf registration.

Draganfly (NASDAQ: DPRO) has been selected by the Cochise County Sheriff's Department to implement a drone pilot program for enhanced border surveillance operations. The initiative aligns with President Trump's executive order 'Unleashing American Drone Dominance' aimed at strengthening America's unmanned aerial systems capabilities. The department will deploy Draganfly's drone family for extended border surveillance, quick-response missions, and nighttime operations. The drones feature multi-mission capabilities, TAK network compatibility, and can integrate with existing hardware and software solutions. The Cochise County Sheriff's Department has previously implemented various technological solutions including high-resolution camera networks and ground surveillance radar systems, earning recognition from President Trump and Vice President JD Vance.

Draganfly announced that Maxim Group LLC has partially exercised their over-allotment option to purchase an additional 100,000 common shares at US$2.09 per share, generating US$209,000 in gross proceeds. This follows the company's US$3.6 million underwritten public offering that closed on May 5, 2025. The net proceeds will be used for general corporate purposes, including funding capabilities for new products, growth initiatives, working capital, core product development and marketing, potential acquisitions, and R&D. The offering was made through an effective shelf registration and was only available to U.S. investors, with no securities offered to Canadian purchasers.

Draganfly Inc. (DPRO) participated in the Global Drone Innovation and Defense Coalition Summit in Riga, Latvia on May 29, 2025. The summit, co-hosted by Latvian and UK Ministries of Defense, gathered over 1,500 participants from 28 countries and marked the expansion of the Drone Coalition from 17 to 20 member states, with €4 billion in collective investment for drone capabilities. Draganfly showcased multiple tactical drone platforms including The Commander 3XL, The APEX, and the modular Flex FPV system. The company distinguished itself as the only provider demonstrating a fully modular FPV platform and offering multiple field-proven tactical deployment systems. The company engaged with academic and research institutions for potential collaborations in military drone advancement and demining technologies, and has been invited to return to Riga in August 2025 for the upcoming Security Conference.

Draganfly Inc. (DPRO) has delivered its first Flex FPV (First Person View) systems to a major U.S. military prime defense contractor supporting allied forces' land operations. The Flex FPV system features a modular core architecture allowing quick arm and propeller changes without special tools, supporting various missions from reconnaissance to tactical payload delivery. The system can reach speeds over 149 km/h, supports autonomous waypoint missions, and can carry payloads up to 10 lbs via picatinny rail or custom mounts. Developed from frontline experience in Ukraine and launched in 2024, the Flex FPV has undergone extensive testing by defense partners. The order includes core units and modular components tailored to end-user requirements, reflecting growing demand for North American-developed UAS platforms in defense and public safety sectors.

Draganfly Inc. (NASDAQ: DPRO) has appointed Peter Lambrinakos to its Public Safety Advisory Board. Lambrinakos, a recipient of the Officer of the Order of Merit of the Police Forces (O.O.M.), brings over 30 years of expertise in public safety, national security, and critical infrastructure protection.

Lambrinakos previously served as Chief of Police and Chief of Corporate Security at VIA Rail Canada, where he established Canada's first dedicated intercity rail police service. He also held executive roles with the Montreal Police Service (SPVM), leading divisions including Major Crimes and Crisis Response. Currently, he serves as a Commission Member with the Military Police Complaints Commission of Canada and is the Distinguished Fellow at the University of Ottawa's Professional Development Institute.

The appointment comes as demand increases for domestically developed, secure drone technologies that meet national security standards. Draganfly, being Canadian-founded, aims to strengthen its position in providing secure drone solutions for public safety agencies and national security stakeholders.

Draganfly (NASDAQ: DPRO) reported its Q1 2025 financial results, showing a 16% year-over-year revenue increase to $1.54 million. Product sales grew 24.5% compared to Q1 2024. Gross profit rose 10.7% to $310,088, though gross margin slightly decreased to 20.0% from 21.1%. The company reported a comprehensive loss of $3.43 million. Key operational highlights include partnerships with Volatus Aerospace for LiDAR integration, FAA waiver approval for drone operations over people, a new U.S. facility in Tampa, and the appointment of former Acting U.S. Secretary of Defense Christopher C. Miller to the Board. Cash position decreased to $2.12 million from $6.25 million in December 2024.

Draganfly (NASDAQ: DPRO), a leading drone solutions developer, has scheduled a shareholder update call for May 8, 2025, at 5:30 p.m. EST. The call will feature CEO Cameron Chell discussing Q1 2025 milestones and CFO Paul Sun presenting the company's first-quarter financial results, which will be released after market close on the same day. Investors can submit questions in advance to investor.relations@draganfly.com.