- Volatus Aerospace (TSXV:FLT), a high-growth drone stock, received approval from Transport Canada to engage in long-distance, remotely piloted beyond visual line of sight operations at night across the country
- The company provides global aerial solutions for intelligence and cargo serving the oil and gas, utilities, healthcare and public safety industries
- Volatus Aerospace stock is relatively unchanged since finalizing its merger with Drone Delivery Canada in August 2024
Volatus Aerospace (TSXV:FLT), a high-growth drone stock, received approval from Transport Canada to engage in long-distance, remotely piloted beyond visual line of sight operations at night across the country.
The approval, limited to atypical airspace below 400 feet AGL over low-density populations (less than 1,000 people per square kilometre), allows Volatus to increase its value proposition across numerous markets, including:
- 24/7 border surveillance.
- Nighttime facility security.
- Search and rescue.
- Thermal wildfire detection.
- Cargo delivery.
As per this Special Flight Operations Certificate (SFOC), Volatus must operate drones from its Operations Control Centre, where it has conducted more than 7,000 drone flights spanning over 20,000 kilometres (km) and as far as 3,300 km away.
Volatus intends to secure multiple Canadian SFOCs to diversify into strategic sectors, with a near-term focus on energy pipelines and utility transmission and eyes on continuing to deliver exponential revenue growth. The company generated C$270,000 in 2020 and over C$20 million through three quarters in 2024, with management optimistic about strong growth in 2025.
Leadership insights
“The ability to remotely operate drones over long distances at night marks a transformative step forward in our ability to provide our customers with 24/7 drone operations and access to nighttime critical missions all across Canada,” Glen Lynch, Volatus Aerospace’s chief executive officer, said in a statement. “This is particularly important for border security efforts requiring continuous surveillance in areas that are difficult to monitor, especially at night. We are profoundly grateful for the support and guidance provided by Transport Canada. Their commitment to advancing our industry has been essential to enabling us to scale and grow our capabilities.”
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 up by 11.76 per cent trading at C$0.19 per share as of 9:38 am ET. The stock is relatively unchanged since finalizing its merger with Drone Delivery Canada in August 2024.
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