- Drone company Volatus Aerospace (TSXV:FLT) secured a one-year extension of its contract with Public Works and Government Services Canada
- The contract will see Volatus serve as central purchasing agent for any federal department or agency until March 31, 2026
- Volatus provides global aerial solutions for intelligence and cargo serving the oil and gas, utilities, healthcare and public safety industries
- The drone stock has given back 8.8 per cent since completing its merger with Drone Delivery Canada in August 2024
Drone company Volatus Aerospace (TSXV:FLT) secured a one-year extension to its contract with Public Works and Government Services Canada. The contract calls for Volatus to act as central purchasing agent for any federal department or agency until March 31, 2026, spanning media, agriculture, forestry, fire fighting, infrastructure, property, security and emergency response.
The news follows new Canadian beyond-visual-line-of-sight regulations (BVLOS), effective November 4, 2025, opening up numerous avenues for drone-based revenue generation. Volatus expects to capitalize on the new regulations by expanding operations and enhancing service delivery. Transport Canada approved Volatus to conduct BVLOS missions at night in late March.
According to Monday’s news release, the Government of Canada may issue subsequent contract extensions. Volatus was added to Canada’s National Master Standing Offer as the first UAV service provider in November 2020.
Leadership insights
“The continuation of the PWGSC enables us to quickly and efficiently support the demand for security and infrastructure investment of the Canadian Government as we work through these turbulent times,” Rob Walker, Volatus Aerospace’s chief commercial officer, said in a statement. “Coupled with the new regulatory framework, Volatus will be able to expand the potential of commercially available drone technology, enabling any department in the Canadian Government to capitalize on the benefits of long-range intelligence and cargo delivery RPAS operations. This is especially poignant with the growing demand for border and national security in Canada.”
About Volatus Aerospace
Volatus provides global aerial solutions for intelligence and cargo serving the oil and gas, utilities, healthcare and public safety industries.
Volatus Aerospace stock (TSXV:FLT) is unchanged trading at C$0.16 per share as of 9:43 am ET. The stock has given back 8.8 per cent since completing its merger with Drone Delivery Canada in August 2024.
Join the discussion: Find out what everybody’s saying about this drone stock on the Volatus Aerospace Inc. Bullboard and check out Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top photo: Adobe Stock)
