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. (OTCQB: TAKOF) generates a diverse stream of news as a Canadian aerospace and defence company focused on aerial intelligence, uncrewed systems, and RPAS-based services. Its announcements highlight commercial and defence contracts, manufacturing initiatives, technology acquisitions, training partnerships, and participation in investor conferences.
Recent releases describe Volatus as a next-generation aerospace and defence company delivering dual-use uncrewed systems, aerial intelligence, and mission-focused operational services. News items include a multi-year defence contract from a NATO partner for ISR training systems, expansion of RPAS manufacturing capability in Mirabel, Quebec, and the acquisition of advanced RPAS technologies from a UK-based aerospace engineering firm to support long-endurance uncrewed aircraft systems.
Investors and industry followers can also see updates on Volatus’ Mirabel Innovation Centre and Drone Manufacturing Hub, partnerships for professional drone training in Nigeria, and agreements with utilities and other industrial customers for RPAS inspection and vegetation-management services. Financial news has covered record quarterly revenue and gross profit figures, balance sheet restructuring and restated financial statements, and commentary on evolving U.S. defence procurement priorities.
On Stock Titan’s news page for TAKOF, readers can track these developments in one place, from defence and industrial contracts to training collaborations and capital markets events. This context helps users understand how Volatus’ aerial intelligence, RPAS operations, and manufacturing initiatives evolve over time across commercial and defence markets.
Volatus Aerospace (TSXV:FLT)(OTCQX:TAKOF) has marked a historic milestone at Edmonton International Airport (YEG) by participating in the launch of phase two of a drone project. This phase extends the drone flight path from YEG to Leduc and represents the first drone operation in Canada to safely intersect an active runway glide path. Operating under the Drone Delivery Canada brand, the project has already completed over 3,000 commercial drone flights, covering more than 8,500 kilometers in phase 1.
The company's CEO, Glen Lynch, highlighted the scalability of their RPAS technology and their ability to operate in diverse environments. Volatus is now exploring international growth opportunities in regions like Africa, the Arctic, and offshore sectors, where regulations are less restrictive. These markets present potential for broader drone applications in industries such as energy, logistics, and healthcare.
Volatus Aerospace Inc. (TSXV:FLT)(OTCQX:TAKOF) has received approval from Transport Canada to conduct beyond visual line of sight (BVLOS) drone cargo operations without visual observers for its DroneCare commercial project. This approval allows the company to use ground-based technology for detecting and avoiding conflicts with other aircraft on its hospital route from Milton to Oakville in the Greater Toronto Area.
The authorization marks a significant milestone, reducing the required personnel for the operation from eight to three, thereby improving the commercial viability of the program. This achievement follows the company's January 2024 announcement of partial BVLOS operations and its merger with Drone Delivery Canada Corp. on August 30, 2024.
The DroneCare program, which evolved from the 'Care By Air' project launched in November 2022, now offers a more scalable solution for healthcare logistics, including the transport of dangerous goods and essential medical supplies across hospitals in Ontario.
Drone Delivery Canada (DDC) and Volatus Aerospace Corp. have announced a 50/50 merger to form a global drone technology and services leader. The combined company, called Volatus Aerospace Corp., will maintain DDC's brand for cargo operations. Glen Lynch (Volatus) will serve as CEO, and Steve Magirias (DDC) as COO. Predicted to be cash flow neutral by Q4 2024, the merger aims for profitability by 2025 through cost synergies and revenue opportunities. The transaction, subject to customary approvals, is expected to close in Q3 2024. Volatus shareholders will receive 1.785 DDC shares per Volatus share. The merger offers benefits like market expansion and enhanced profitability potential for both sets of shareholders.