Welcome to our dedicated page for Volatus Aerospace news (Ticker: TAKOF), a resource for investors and traders seeking the latest updates and insights on Volatus Aerospace stock.
Volatus Aerospace Inc (TSXV:FLT, OTCQX:TAKOF) delivers cutting-edge drone solutions for cargo logistics, infrastructure inspections, and aerial surveillance. This news hub provides investors and industry professionals with timely updates on the company’s operational milestones, regulatory advancements, and strategic initiatives.
Access consolidated reports on earnings announcements, technology deployments, and partnership developments. Track progress in critical sectors including healthcare logistics through the DroneCare program, renewable energy inspections, and border security collaborations. All content is verified through primary sources to ensure accuracy.
Key updates include BVLOS operational expansions, RPAS technology innovations, and international market entries. Bookmark this page for streamlined access to Volatus Aerospace’s evolving role in shaping the future of unmanned aerial systems across global industries.
Volatus Aerospace (OTCQX:TAKOF) has announced the launch of its Condor XL heavy-lift drone program. The next-generation platform, capable of carrying up to 180kg and traveling 200 km, is designed to meet global demand for autonomous heavy-lift drone solutions.
The program aligns with Canada's increased defense spending initiatives and aims to strengthen domestic aerospace capabilities. According to Lucintel, the global heavy lift drone market is projected to reach $1.4 billion by 2030, growing at a CAGR of 13.4% from 2024 to 2030.
Flight testing is scheduled to begin in fall 2025, with operational deployments planned for 2026. The program focuses on enhancing national resilience, supporting Arctic sovereignty, and modernizing Canadian supply chains.
Volatus Aerospace (TSXV:FLT, OTCQX:TAKOF) has successfully delivered tactical intelligence, surveillance, and reconnaissance (ISR) drone systems to a NATO member country partner in a deal worth C$1.85 million. The delivery was completed last week, with all systems now fully operational.
The delivered systems are lightweight tactical unmanned aircraft featuring thermal and visual sensors for all-weather day/night operations. These drones are specifically designed for short-range reconnaissance and rapid deployment in dynamic operational environments.
The contract is expected to achieve gross margins aligned with the company's standard defense equipment supply rates, marking Volatus' growing presence in defense support and NATO-allied operations.
Volatus Aerospace (OTCQX:TAKOF) has secured a $560,000 CAD contract to provide advanced drone operations and sensor payload training to a NATO member country. The training will be delivered through Volatus Academy, the company's global training division that serves civil, defense, and government sectors.
The program focuses on enhancing operational readiness in aerial intelligence, including geomatics, mapping operations, and search and rescue deployment. Volatus Academy offers comprehensive training with a hybrid delivery model encompassing in-person, virtual, and e-learning options across North America and Europe.
Volatus Aerospace (OTCQX:TAKOF) has expressed support for Canada's commitment to increase defense spending to 2% of GDP and NATO's new target of 5% by 2035. The company, headquartered in Quebec with operations across Canada, the United States, UK, and Europe, sees this as an opportunity to expand its defense and aerospace contributions.
The company specializes in Remotely Piloted Aircraft Systems (RPAS) services, offering capabilities aligned with government defense priorities including ISR surveillance, remote operational support, and NATO-aligned training. Through its Operations Control Center (OCC), Volatus provides centralized command and control for Beyond Visual Line of Sight (BVLOS) drone operations.
Volatus is actively pursuing engagement with federal agencies and allied stakeholders to contribute to programs such as NORAD modernization, Arctic sovereignty, and NATO readiness initiatives.
Volatus Aerospace (OTCQB: TAKOF) has secured a significant national agriculture contract to provide drone-based crop intelligence services across Canada. The company will conduct multispectral aerial surveys at 21 agricultural sites in Alberta, Ontario, Manitoba, and Quebec, with each site being surveyed twice during the growing season.
The contract, awarded by a leading North American crop intelligence technologies provider, positions Volatus at the forefront of precision agriculture. The company is currently executing flights and developing advanced operational models incorporating beyond visual line of sight (BVLOS), remote operation, and drone-in-a-box technologies for continuous crop monitoring.
Volatus Aerospace reported its Q4 and fiscal year 2024 results, achieving $27.1 million in total revenue with a record 38% gross margin in Q4. The company saw 16% year-over-year growth in services and technology revenue, reaching $19.3 million in FY2024.
Key highlights include:
- Near-breakeven normalized EBITDA of -$206,900 in Q4 2024
- Realized $3.77 million in cost synergies following merger with Drone Delivery Canada
- Active sales pipeline exceeding $600 million
- Secured agreement to convert $2.65 million of debt to equity
The company completed strategic acquisitions of UAVHub and The Drone Mentor, expanded globally to UK, India, and Norway, and secured a $15M financing backed by Investissement Québec and Export Development Canada. Volatus maintains focus on higher-margin services and technology while streamlining operations post-merger.
Volatus Aerospace (TSXV: FLT) (OTCQX: TAKOF) has successfully completed a demonstration order for a G-20 nation's defense organization on April 23, 2025. The demonstration featured two critical mission profiles: a Tactical Intelligence, Surveillance, and Target Acquisition (ISTA) mission and a Long-Endurance Surveillance and Reconnaissance mission.
The company delivered two advanced drone systems: a fixed-wing VTOL drone for covert surveillance and a nano drone for discreet reconnaissance. Following successful trials, Volatus is positioned to be shortlisted for follow-on contracts with a potential value of up to USD $8 million. However, the process remains competitive with no guaranteed contract award.
Volatus Aerospace (TSXV: FLT) (OTCQX: TAKOF) has received approval from two major North American oil and gas companies to provide drone-based aerial services for critical energy infrastructure. The approval, granted last week following a comprehensive flight operations review, enables Volatus to perform various services including emergency callouts, pipeline surveillance, leak detection, magnetometry, and asset inspections.
The company will utilize remotely piloted aircraft systems (RPAS) in coordination with their existing traditional aircraft surveillance services. According to internal forecasts, the integration of drone operations into Volatus' oil and gas surveillance portfolio could increase revenue in this segment by up to 20% while maintaining typical operating cost profiles.