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 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.
Volatus Aerospace (TSXV: FLT) (OTCQX: TAKOF) has secured a one-year extension to its Public Works and Government Services Canada (PWGSC) standing offer, extending services until March 31, 2026. The company will continue providing UAV services across five key streams: Media, Agriculture, Forestry and Fire Fighting, Infrastructure and Real Property, and Security and Emergency Response.
This extension coincides with new Beyond Visual Line-of-Sight (BVLOS) regulations taking effect on November 4, 2025. Volatus, which became Canada's first UAV service provider on the National Master Standing Offer in November 2020, recently obtained Canada-wide nighttime BVLOS operation authority, enhancing its operational capabilities.
Volatus Aerospace (OTCQX: TAKOF) has announced its participation in the upcoming AI & Technology Virtual Investor Conference on April 3rd, 2025. CEO Glen Lynch will deliver a live presentation at 10:00 AM EST, focusing on the company's strategic growth plans and initiatives for remotely piloted aircraft systems (RPAS).
The presentation will highlight Volatus' recent partnerships with Kongsberg Geospatial, Dufour, RigiTech, DroneUp, and Ondas Holdings, aimed at advancing RPAS technology commercialization. The interactive event will provide investors the opportunity to ask questions in real-time, with a recording available for those unable to attend live.
Volatus Aerospace (TSXV: FLT) (OTCQX: TAKOF) has secured Transport Canada's approval for nationwide nighttime long-distance remote drone operations below 400 feet AGL over low-density populations. This authorization enables 24/7 operations including border surveillance, facility security, search and rescue, thermal wildfire detection, and cargo delivery.
The approval allows remote drone operation from their Operations Control Centre (OCC) for extended range missions. Key advantages include enhanced thermal wildfire detection capabilities during nighttime when temperature variations are more pronounced, continuous search and rescue operations using infrared technology, and round-the-clock medical supply delivery services for hospitals.
The company plans to pursue additional Canada-wide SFOCs, particularly focusing on pipeline and utility transmission inspection sectors.
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