Draganfly Partners with Babcock and CiTech for Asia-Pacific Defense Expansion

Draganfly ( (TSE:DPRO) ) has issued an update.

Draganfly Inc. has entered into a collaborative framework with Babcock International Group and Critical Infrastructure Technologies to enhance defense and security capabilities in the Asia-Pacific region. This partnership leverages the strengths of each company, aiming to address regional priorities such as defense modernization and security resilience, positioning Draganfly to expand its influence in the growing Asia-Pacific defense market.

The most recent analyst rating on (TSE:DPRO) stock is a Hold with a C$10.50 price target. To see the full list of analyst forecasts on Draganfly stock, see the TSE:DPRO Stock Forecast page.

Spark’s Take on TSE:DPRO Stock

According to Spark, TipRanks’ AI Analyst, TSE:DPRO is a Neutral.

Draganfly’s overall stock score reflects a challenging financial situation with persistent losses and cash flow issues. However, strategic partnerships and recent corporate events in the defense sector provide a positive outlook. The technical analysis and valuation suggest caution, but the company’s strong cash position and growth initiatives offer potential for future improvement.

To see Spark’s full report on TSE:DPRO stock, click here.

More about Draganfly

Draganfly Inc. is a leading developer of drone solutions and software, recognized for its innovative technology in various sectors including public safety, public health, mining, agriculture, and security. With over 25 years of industry leadership, Draganfly focuses on providing efficient solutions and services to its global clientele, aiming to save time, money, and lives.

YTD Price Performance: 81.40%

Average Trading Volume: 82,145

Technical Sentiment Signal: Buy

Current Market Cap: C$247.3M

See more insights into DPRO stock on TipRanks’ Stock Analysis page.