- Volatus Aerospace (TSXV:FLT) signed a C$15 million multi-year contract with one of the largest electricity transmission and distribution companies in North America
- Volatus is a drone solutions company focused on cargo and intelligence using piloted and remotely piloted aircraft
- Volatus Aerospace stock has added 177.27 per cent year-over-year
Drone company Volatus Aerospace (TSXV:FLT) signed a C$15 million multi-year contract with one of the largest electricity transmission and distribution companies in North America.
This content has been prepared as part of a partnership with Volatus Aerospace Inc., and is intended for informational purposes only.
The company will provide drone inspection, mapping and data services across approximately 100,000 miles of the client’s transmission and distribution lines through August 2028, subject to a potential two-year extension.
According to Tuesday’s news release, revenue will be earned at margins consistent with similar past contracts, allowing Volatus to participate in a global drone inspection market expected to grow from US$11.6 billion in 2022 to US$23 billion by 2027, entailing a compound annual growth rate of 14.6 per cent.
Volatus posted 49 per cent year-over-year revenue growth in Q2 2025, supported by an 85 per cent improvement in adjusted EBITDA, reflecting growing demand and the benefits of scale following its merger with Drone Delivery Canada in August 2024.
Leadership insights
“We are proud to be selected to support the safe and reliable operation of one of the continent’s most critical electricity grids,” Glen Lynch, Volatus Aerospace’s chief executive officer, said in a statement. “This agreement reflects the increasing role of drones in utility asset management and provides Volatus with recurring opportunities to deliver value at scale.”
About Volatus Aerospace
Volatus is a drone solutions company focused on cargo and intelligence using piloted and remotely piloted aircraft.
Volatus Aerospace stock (TSXV:FLT) last traded at C$0.61. The stock has added 177.27 per cent year-over-year.
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