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Drone Delivery Canada ( (TSE:FLT) ) has shared an update.
Volatus Aerospace Corp. has secured a $560,000 CAD contract to provide advanced drone operations and sensor payload training to a NATO member country, reinforcing its position as a trusted provider of mission-critical capabilities for government programs. This contract underscores the growing demand for Volatus’ expertise in remotely piloted aircraft systems and highlights its strategic value in enhancing operational readiness for Canada and its international partners, supporting workforce development across North America and Europe through its Volatus Academy.
Spark’s Take on TSE:FLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FLT is a Neutral.
Drone Delivery Canada’s stock is weighed down by significant financial challenges, including high debt and negative cash flows. Despite technical momentum and positive corporate developments, the lack of profitability and revenue decline are major concerns.
To see Spark’s full report on TSE:FLT stock, click here.
More about Drone Delivery Canada
Volatus Aerospace Inc. is a leader in innovative global aerial solutions for intelligence and cargo, leveraging over 100 years of combined institutional knowledge in aviation. The company offers comprehensive solutions using both piloted and remotely piloted aircraft systems across various industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure, with a commitment to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies.
Average Trading Volume: 921,037
Technical Sentiment Signal: Buy
Current Market Cap: C$145.5M
For a thorough assessment of FLT stock, go to TipRanks’ Stock Analysis page.