Volatus Aerospace

• Condor XL

  Condor

• V-Cortex

• Delivered Order Value Cad

  C$1.85 million in tactical ISR drones delivered - 2025-07-07 - NATO member country partner - tactical ISR drone operations - Volatus Aerospace delivered C$1.85 million in tactical ISR drone systems to a NATO member country partner. - source posture: Company Disclosed

  Source

• Commercial Rollout

  C$1.7 million expanded ISR drone order - 2025-09-23 - NATO partner - Volatus expanded a NATO partner ISR drone order to C$1.7 million and said deliveries were underway. - source posture: Company Disclosed

  Source
• Contract Value Cad

  C$1 million - 2025-08-05 - NATO partner - defense ISR drones - Volatus secured a C$1 million tactical ISR drone contract from a NATO partner. - source posture: Company Disclosed

  Source

Supply chain relationships

• Draganfly

  Inbound - Subsystems - Draganfly supplies Heavy Lift Drone platform for Volatus bathymetric LiDAR system

  Source

• FLT.TO - TSX - CAD

• Glen Lynch - Director, President and Chief Executive Officer - Leads Volatus' public-company aerial services, drone logistics, and defense-growth strategy following the merger with Drone Delivery Canada.
• Abhinav Singhvi - Chief Financial Officer - Supports Volatus' public-market reporting, acquisition integration, and financing strategy as the company scales its aerial-services and drone-logistics platform.
• Rob Walker - Chief Commercial Officer - Leads commercial growth for Volatus' drone services, inspection, cargo, public-safety, and defense-facing aerial solutions.
• Andrew Leslie - Director

Events

• 2026-09-22 - Demonstration - Volatus V-Cortex completes initial GNSS-denied flight tests

  The tests did not rely on external sensors or high-performance external computing. V-Cortex is designed as a modular common autonomy layer for multiple uncrewed-aircraft platforms. Volatus plans further flight testing and capability demonstrations during 2026.

  Source
• 2026-08-13 - Market Signal - Volatus Aerospace reports C$8.42 million second-quarter revenue

  Equipment deliveries increased 38% quarter over quarter, while services revenue rose 59%. A defence-contract delivery worth about C$2.6 million moved beyond the quarter because of supply-chain disruption. Quarter-end cash was C$59.2 million.

  Source
• 2026-08-05 - Partnership - Volatus Aerospace and Kraus Hamdani Aerospace established a staged Canadian framework for…

  Volatus Aerospace and Kraus Hamdani Aerospace established a staged Canadian framework for K1000ULE/ATNE++ integration, training, lifecycle support and progressive licensed manufacturing. The framework is staged and includes prospective licensed manufacturing; it is not evidence that Canadian production has started.

  Source
• 2026-07-08 - Regulatory - Transport Canada accepts Volatus Canary RPAS under PVD process

  The Letter of Acceptance covers Volatus' proposed means of compliance for the Canary Remotely Piloted Aircraft System under Canada's new PVD process. Volatus said Canary meets Transport Canada BVLOS safety requirements for populated-area operations using onboard detect-and-avoid without an external DAA solution. The acceptance is a prerequisite to completing verification activities and submitting a formal Safety Assurance Declaration under Canada's RPAS Safety Assurance framework.

  Source
• 2026-06-23 - Facility Opening - Volatus Aerospace opens Mirabel autonomous-systems manufacturing facility

  The Mirabel site is positioned as a Canadian manufacturing base for autonomous defense systems. Production is already underway on drone docking stations, with V-Series aircraft manufacturing expected to follow. The facility supports orders across Canada and NATO markets.

  Source
• 2026-05-27 - Product Launch - Volatus introduces V-Cortex AI flight controller and autonomy stack at CANSEC 2026

  Volatus Aerospace introduced V-Cortex, a Canadian-developed AI flight controller and autonomy operating system, at CANSEC 2026. The stack combines flight-control hardware, firmware, embedded autonomy software, mission-systems integration and AI-enabled capabilities. Volatus said V-Cortex will be incorporated from production outset into its V-Series aircraft family and Condor platform while remaining platform-agnostic.

  Source
• 2026-05-26 - Market Signal - Volatus selected to advance in U.S. Drone Dominance Program

  Volatus was selected to advance to the next phase of the U.S. Drone Dominance Program. The program is a U.S. defense innovation and rapid-acquisition initiative focused on evaluating operationally relevant UAS for battlefield environments. The selection gives Volatus a U.S. defense-market signal tied to scalable battlefield drone systems, but does not represent a signed procurement order.

  Source
• 2026-05-21 - Demonstration - Dufour and Volatus complete remote Aero-30 flight from operations control centre

  Dufour Aerospace integrated its platform into the Volatus Operations Control Centre in Canada to support remote flight operations. Volatus conducted the first remotely operated flight from the control centre using the Aero-30 platform. The test advanced Dufour and Volatus work on scalable BVLOS operations and runway-independent logistics.

  Source
• 2026-05-14 - Market Signal - Volatus reports Q1 2026 results and highlights offshore wind and defense pipeline

  Volatus reported Q1 2026 financial results, including the highest Q1 gross margins in the company's history. The company highlighted its offshore wind heavy-lift drone contract, defense training activity, and Condor XL commercialization roadmap. Management described the merger integration and defense pipeline as part of the company's shift toward higher-value aerial intelligence and cargo programs.

  Source
• 2026-04-15 - Contract Award - Volatus secures multi-year NATO-allied drone training contract

  Volatus secured a multi-year contract to provide specialist training and curriculum development to a NATO-allied government ministry. The contract is valued at up to C$2.1 million over two years. The program supports security and law-enforcement personnel with drone training and operational curriculum development.

  Source
• 2026-03-17 - Award - Volatus Aerospace receives NRC-IRAP funding to support Condor XL development

  Volatus Aerospace received NRC-IRAP support of up to CAD 320,000 for Condor XL heavy-lift UAS development. The funded work covers avionics architecture, autonomy integration, and flight validation. Volatus framed the project around sovereign Canadian autonomous aerospace capability and future government applications.

  Source
• 2026-03-11 - Commercial Order - Volatus Aerospace executes contract to develop and commercialize heavy-lift offshore cargo drone deliveries

  Volatus signed a contract to develop and commercialize heavy-lift offshore cargo drone deliveries for wind turbine operations The project is tied to the Condor XL heavy-lift platform and supports real operational use cases for larger autonomous cargo drones While commercial rather than defence-specific, it is a concrete platform-development milestone for Volatus' UAV stack

  Source
• 2026-02-23 - Executive Hire - Volatus Aerospace appoints CTO to accelerate sovereign autonomy and defence capabilities

  Volatus Aerospace appointed a chief technology officer focused on sovereign autonomy and defence capabilities. The role covers technical strategy across the company’s uncrewed-aircraft and autonomy portfolio.

  Source
• 2026-02-09 - Contract Award - Volatus secures drone training contract with NATO defense partner

  Volatus secured a contract with a NATO defense organization to deliver remotely piloted aircraft system training. The training supports operators conducting patrol, surveillance, and emergency-response missions in remote and extreme environments. Volatus expected to fulfill the contract during fiscal year 2026.

  Source
• 2026-01-27 - Partnership - Volatus advances Dufour partnership for runway-independent cargo operations

  Volatus provided an update on its Dufour Aerospace partnership to develop runway-independent cargo capabilities. The collaboration moved toward hands-on capability development, including a simulator installed at Volatus' Toronto facility. The work targets Arctic, defense, government logistics, commercial remote operations, critical infrastructure, and emergency-response use cases.

  Source
• 2025-11-10 - Market Signal - Volatus announces C$24.7 million financing package for defense drone expansion

  Volatus announced a non-brokered private placement alongside a bought-deal public offering, bringing expected gross proceeds to approximately C$24.7 million. The company said proceeds would support the Mirabel Manufacturing Hub, defense drone R&D, potential defense-sector acquisitions, capital expenditures, and working capital. The financing followed Volatus' shift toward defense UAS production and allied customer demand.

  Source
• 2025-10-27 - Acquisition - Volatus acquires Caliburn dual-use UAS technology portfolio

  Volatus acquired a suite of advanced RPAS technologies from Caliburn Holdings LLP. The acquisition adds multiple modular dual-use defense UAS platforms with near-term commercialization potential. Volatus said the platforms are aligned with the Mirabel manufacturing hub and Canada's sovereign and allied defense requirements.

  Source
• 2025-10-21 - Production Milestone - Volatus announces Mirabel drone innovation and manufacturing hub

  Volatus announced plans to establish the Volatus Mirabel Innovation Centre and Drone Manufacturing Hub at Montréal–Mirabel International Airport. The hub is intended for serial production of Volatus proprietary drone platforms and licensed manufacture of partner systems. Volatus positioned the facility around Canadian defense readiness, NATO-aligned demand, domestic supply-chain control, and export compliance.

  Source
• 2025-09-23 - Commercial Order - Volatus expands NATO ISR drone order to C$1.7 million and begins deliveries

  Volatus expanded a tactical ISR drone contract from a NATO partner by an additional C$700,000. The expansion brought the total contract value to approximately C$1.7 million. Deliveries of the drone systems were underway and expected to be completed in September 2025.

  Source
• 2025-09-03 - Regulatory - Volatus receives Transport Canada approval for scalable BVLOS drone services

  Transport Canada issued Volatus a Special Flight Operations Certificate for more complex BVLOS operations. The approval authorizes use of MatrixSpace radar integrated through Kongsberg Geospatial's IRIS Terminal platform. The authorization supports scalable automated drone services in Canada.

  Source
• 2025-08-05 - Commercial Order - Volatus secures C$1 million tactical ISR drone contract from NATO partner

  Volatus secured an initial tactical ISR drone contract from a NATO partner valued at approximately C$1 million. The drone systems support short-range operations with electro-optical and thermal imaging sensors for day and night missions. The company expected fulfillment in August 2025.

  Source
• 2025-07-23 - Product Launch - Volatus launches Condor XL heavy-lift drone program

  Volatus launched the Condor XL heavy-lift drone program as a Canadian autonomous cargo platform. The company said flight testing was planned for fall 2025, with operational deployments planned for 2026. The program targets heavy-lift logistics, Arctic sovereignty, defense readiness, and supply-chain modernization.

  Source
• 2025-07-07 - Commercial Order - Volatus delivers C$1.85 million in tactical ISR drones to NATO country

  Volatus delivered a fleet of tactical ISR drone systems to a partner in a NATO member country. The transaction was valued at approximately C$1.85 million and all systems were delivered and operational. The delivery supports defense intelligence, surveillance, and reconnaissance missions for allied customers.

  Source
• 2025-04-24 - Commercial Order - Volatus completes G-20 defense drone demonstration order

  Volatus completed a demonstration order for a defense organization from a G-20 nation. The demonstration covered tactical intelligence, surveillance and target acquisition plus long-endurance surveillance and reconnaissance mission profiles. Volatus delivered two advanced drone systems: a fixed-wing VTOL drone for covert surveillance and a nano drone for discreet reconnaissance.

  Source
• 2025-02-04 - Partnership - Volatus and Dufour Aerospace sign strategic teaming agreement for cargo, surveillance and mapping missions

  Volatus and Dufour Aerospace signed a strategic teaming agreement to deploy Dufour's Aero2 drone for cargo, surveillance, inspection, and mapping missions. The partnership pairs Dufour's VTOL aircraft with Volatus' aerial operations, training, and commercialization capabilities. The agreement targets drone logistics and remote operations in commercial, public-sector, and infrastructure environments.

  Source
• 2024-08-30 - Acquisition - Drone Delivery Canada and Volatus complete merger of equals

  The combined company continued under the Volatus Aerospace name and joined Drone Delivery Canada's logistics technology with Volatus' commercialization platform. The merger followed shareholder approvals by both companies and Ontario court approval.

  Source
• 2024-05-21 - Acquisition - Drone Delivery Canada and Volatus announce merger of equals to form combined drone technology and services company

  Drone Delivery Canada and Volatus Aerospace announced a merger of equals to create a combined company under the Volatus Aerospace name. The transaction combined Drone Delivery Canada's remote operations and logistics technology with Volatus' commercialization and drone-services platform. The companies said the combined business would focus on aerial intelligence, cargo, drone services, and drone technology commercialization.

  Source

Relationships

• Kraus Hamdani Aerospace

  Technology Partner - Volatus and Kraus Hamdani established a staged Canadian UAS integration and support framework.

• FIXAR

  Distribution Partner - FIXAR launched North American manufacturing with Volatus in $1M deal.

• Drone Delivery Canada

  Merger Counterparty - Drone Delivery Canada completed its merger with Volatus Aerospace, acquiring all Volatus shares before adopting the Volatus name.

• NATO member country partner

  Customer - Volatus delivered C$1.85 million in tactical ISR drones to a NATO member country partner.

• Dufour Aerospace

  Strategic Teaming Agreement - Volatus and Dufour Aerospace sign strategic teaming agreement for cargo, surveillance and mapping missions

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Context tags

• Drone delivery operations - Workflow
• Commercial drone OEM - Stack Layer - Volatus Aerospace operates a UAV production, integration and flight-test hub and presents its own V-series and other platforms. https://volatusaerospace.com/manufacturing/

7 commercial events; 2 contract awards; 5 commercial orders; latest event 2026-04-15

• 2026-04-15 - Contract award - Volatus secures multi-year NATO-allied drone training contract - source: globenewswire.com
• 2026-02-09 - Contract award - Volatus secures drone training contract with NATO defense partner - source: globenewswire.com
• 2026-03-11 - Commercial order - Volatus Aerospace executes contract to develop and commercialize heavy-lift offshore cargo drone deliveries - source: globenewswire.com
• 2025-09-23 - Commercial order - Volatus expands NATO ISR drone order to C$1.7 million and begins deliveries - source: globenewswire.com
• 2025-08-05 - Commercial order - Volatus secures C$1 million tactical ISR drone contract from NATO partner - source: globenewswire.com
• 2025-07-07 - Commercial order - Volatus delivers C$1.85 million in tactical ISR drones to NATO country - source: globenewswire.com
• 2025-04-24 - Commercial order - Volatus completes G-20 defense drone demonstration order - source: globenewswire.com