Volatus Aerospace Launches Condor XL Heavy-Lift Drone Program
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 (OTCQX:TAKOF) ha annunciato il lancio del suo programma del drone pesante Condor XL. Questa piattaforma di nuova generazione, in grado di trasportare fino a 180 kg e coprire una distanza di 200 km, è progettata per soddisfare la domanda globale di soluzioni autonome per il trasporto pesante con droni.
Il programma è in linea con l'aumento della spesa per la difesa in Canada e mira a rafforzare le capacità aerospaziali nazionali. Secondo Lucintel, il mercato globale dei droni pesanti è destinato a raggiungere un valore di 1,4 miliardi di dollari entro il 2030, con un tasso di crescita annuo composto (CAGR) del 13,4% tra il 2024 e il 2030.
I test di volo sono previsti per l'autunno 2025, con le prime operazioni programmate per il 2026. Il programma punta a migliorare la resilienza nazionale, supportare la sovranità artica e modernizzare le catene di approvvigionamento canadesi.
Volatus Aerospace (OTCQX:TAKOF) ha anunciado el lanzamiento de su programa de drones de carga pesada Condor XL. Esta plataforma de nueva generación, capaz de transportar hasta 180 kg y recorrer 200 km, está diseñada para satisfacer la demanda global de soluciones autónomas para drones de carga pesada.
El programa está alineado con el aumento del gasto en defensa de Canadá y busca fortalecer las capacidades aeroespaciales nacionales. Según Lucintel, el mercado global de drones de carga pesada se proyecta alcanzar los 1.400 millones de dólares para 2030, con una tasa de crecimiento anual compuesta (CAGR) del 13,4% entre 2024 y 2030.
Las pruebas de vuelo están programadas para comenzar en otoño de 2025, con despliegues operativos previstos para 2026. El programa se centra en mejorar la resiliencia nacional, apoyar la soberanía ártica y modernizar las cadenas de suministro canadienses.
Volatus Aerospace (OTCQX:TAKOF)는 Condor XL 중량 화물 드론 프로그램을 출시했다고 발표했습니다. 최대 180kg의 화물을 운반하고 200km까지 비행할 수 있는 차세대 플랫폼으로, 자율 중량 화물 드론 솔루션에 대한 전 세계 수요를 충족하기 위해 설계되었습니다.
이 프로그램은 캐나다의 국방비 증액 정책과 부합하며 국내 항공우주 역량 강화에 기여하는 것을 목표로 합니다. Lucintel에 따르면, 글로벌 중량 화물 드론 시장은 2024년부터 2030년까지 연평균 성장률(CAGR) 13.4%로 성장하여 2030년까지 14억 달러에 이를 것으로 예상됩니다.
비행 테스트는 2025년 가을에 시작될 예정이며, 2026년에는 운용 배치가 계획되어 있습니다. 이 프로그램은 국가 복원력 강화, 북극 주권 지원, 캐나다 공급망 현대화에 중점을 두고 있습니다.
Volatus Aerospace (OTCQX:TAKOF) a annoncé le lancement de son programme de drone lourd Condor XL. Cette plateforme de nouvelle génération, capable de transporter jusqu'à 180 kg et de parcourir 200 km, est conçue pour répondre à la demande mondiale en solutions autonomes de drones lourds.
Le programme s'inscrit dans le cadre de l'augmentation des dépenses de défense du Canada et vise à renforcer les capacités aérospatiales nationales. Selon Lucintel, le marché mondial des drones lourds devrait atteindre 1,4 milliard de dollars d'ici 2030, avec un taux de croissance annuel composé (CAGR) de 13,4% entre 2024 et 2030.
Les essais en vol sont prévus pour l'automne 2025, avec des déploiements opérationnels planifiés pour 2026. Le programme met l'accent sur le renforcement de la résilience nationale, le soutien à la souveraineté arctique et la modernisation des chaînes d'approvisionnement canadiennes.
Volatus Aerospace (OTCQX:TAKOF) hat die Einführung seines Condor XL Schwerlast-Drohnenprogramms bekannt gegeben. Die nächste Generation dieser Plattform kann bis zu 180 kg transportieren und eine Strecke von 200 km zurücklegen. Sie wurde entwickelt, um die weltweite Nachfrage nach autonomen Schwerlast-Drohnenlösungen zu bedienen.
Das Programm steht im Einklang mit den erhöhten Verteidigungsausgaben Kanadas und zielt darauf ab, die heimischen Luft- und Raumfahrtfähigkeiten zu stärken. Laut Lucintel wird der globale Markt für Schwerlastdrohnen bis 2030 voraussichtlich 1,4 Milliarden US-Dollar erreichen und von 2024 bis 2030 mit einer jährlichen Wachstumsrate (CAGR) von 13,4% wachsen.
Flugtests sind für den Herbst 2025 geplant, mit dem Ziel, 2026 den operativen Einsatz zu starten. Das Programm konzentriert sich darauf, die nationale Resilienz zu stärken, die arktische Souveränität zu unterstützen und die kanadischen Lieferketten zu modernisieren.
- Significant market opportunity with global heavy lift drone market projected to reach $1.4B by 2030
- Strong growth potential with industry CAGR of 13.4% from 2024-2030
- Advanced capabilities with 180kg payload capacity and 200km range
- Strategic alignment with Canadian government's defense spending initiatives
- Product still in development phase with operations not starting until 2026
- Faces potential competition in rapidly growing market
TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB), a Canadian leader in aerial intelligence and cargo solutions, is pleased to announce the launch of its Condor XL heavy-lift drone program. Drawing on decades of helicopter operations experience, in-house avionics capabilities, and a renewed focus on rotorcraft-specific training, the company is introducing a next-generation platform designed to meet global demand for autonomous, heavy-lift drone solutions.
The timing of this program aligns closely with recent public addresses by Prime Minister Mark Carney, speaking on behalf of the Canadian government, outlining a national commitment to increased defense spending and the development of sovereign manufacturing capabilities. Volatus believes the Condor XL program directly supports these ambitions, representing a strategic investment in domestic aerospace innovation, dual-use technologies, and critical infrastructure resilience. Originally developed by Drone Delivery Canada (DDC), the Condor platform showed strong potential for remote logistics and long-range operations. The Volatus Condor XL will carry up to 180kg and travel up to 200 km.
As per Lucintel market report, the global heavy lift drone market is expected to reach an estimated
“We are proud to launch the Condor XL program as a uniquely Canadian solution to a global logistics challenge,” said Glen Lynch, CEO of Volatus Aerospace. “With our in-house team of experienced helicopter pilots, avionics engineers, and flight safety experts, we are well positioned to bring this platform to market. By merging traditional aviation expertise with advanced unmanned systems, we are driving the next wave of innovation in aerospace.”
The Condor XL initiative further cements Volatus Aerospace’s leadership in next-generation drone logistics, contributing to Canada’s defence readiness and industrial self-reliance. Flight testing is set to begin this fall, with operational deployments planned for 2026. The Condor XL program is a cornerstone of Volatus’ broader strategy to deliver autonomous heavy lift drone solutions that enhance national resilience, support Arctic sovereignty, and modernize Canadian supply chains.
About Volatus Aerospace Inc.
Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure. The Company is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies. For more information, visit www.volatusaerospace.com.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding TSXV approval of the LIFE Offering; use of proceeds from the LIFE Offering; and the business, strategy, products, corporate vision, plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals, including but not limited to approval of the TSXV. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedarplus.ca. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
For further information, please contact:
Greg Colacitti, Chief Operating Officer
greg.colacitti@volatusaerospace.com
+1 833-865-2887
www.volatusaerospace.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3725b20-081a-4653-8586-9fd92a9b0338
FAQ
What are the key specifications of Volatus Aerospace's Condor XL drone?
When will Volatus Aerospace (TAKOF) begin operations of the Condor XL drone?
What is the market size for heavy-lift drones according to Lucintel?
How does the Condor XL program align with Canadian government initiatives?
What are the main applications for Volatus Aerospace's Condor XL drone?
