- Volatus Aerospace (TSX:FLT) has won a two-year C$2.1 million training contract with a NATO-allied government
- The Canadian-controlled global aerospace and defense company is innovating in the areas of drone technology, aerial intelligence and mission-critical operational services
- Volatus Aerospace stock has added 343.75 per cent year-over-year
Drone company Volatus Aerospace (TSX:FLT) has won a two-year C$2.1 million training contract with a NATO-allied government.
The contract, which includes renewal options, will see the company design, develop and deliver numerous advanced training programs for security and law enforcement personnel with a focus on regulated and mission-critical environments.
Volatus will draw on its integrated platform, spanning training, operations and technology, to support its new client’s needs, keen to expand its Canadian-owned operations into an allied market in alignment with the federal government’s Defense Industrial Strategy, which focuses on balancing domestic capabilities with global interoperability.
The milestone follows the announcement of Volatus’ fiscal 2025 financial results, highlighted by 26 per cent revenue growth and 16 per cent gross profit growth year-over-year driven by a growing defense pipeline.
Leadership commentary
“This award reflects the continued evolution of Volatus Aerospace as a trusted partner to government and defense stakeholders,” Glen Lynch, chief executive officer of Volatus Aerospace, said in Wednesday’s news release. “Our ability to deliver integrated training programs, supported by operational experience and technology development, positions us to support long-term capability building for our partners. The multi-year structure of this agreement provides visibility while reinforcing the role of training as a foundational element in the adoption of advanced aerial systems.”
About Volatus Aerospace
Volatus is a Canadian-controlled global aerospace and defense company innovating in the areas of drone technology, aerial intelligence and mission-critical operational services.
Volatus Aerospace stock (TSX:FLT) is up by 4.41 per cent trading at C$0.71 as of 9:39 am ET. The stock has added 343.75 per cent year-over-year.
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