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An update from Drone Delivery Canada ( (TSE:FLT) ) is now available.
Volatus Aerospace has secured a CAD $9 million defence contract from a NATO partner to supply a next-generation interim training system for Intelligence, Surveillance, and Reconnaissance (ISR) operations. This contract, structured over two years with an initial tranche of $4.5 million, marks a significant milestone in Volatus’ strategy to strengthen its position within Canada’s defence industrial base and the broader NATO ecosystem. It highlights the company’s expanding role as a Canadian provider of secure, commercially derived unmanned systems and training, reinforcing its commitment to enhancing Canada’s defence capabilities and interoperability with allied partners.
The most recent analyst rating on (TSE:FLT) stock is a Buy with a C$1.25 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Spark’s Take on TSE:FLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FLT is a Neutral.
The overall stock score reflects mixed financial performance with growth in revenue but challenges in profitability and cash flow. Technical indicators are neutral, while valuation is unattractive due to negative earnings. However, positive corporate events, including strategic partnerships and financing, provide a boost to the company’s future prospects.
To see Spark’s full report on TSE:FLT stock, click here.
More about Drone Delivery Canada
Volatus Aerospace is a global provider of integrated aerial solutions for commercial and defence applications, utilizing both piloted and remotely piloted aircraft systems. The company serves various industries, including oil and gas, utilities, healthcare, and public safety, with a mission to enhance operational efficiency, safety, and resilience through scalable aerial technologies.
YTD Price Performance: 306.90%
Average Trading Volume: 1,722,315
Technical Sentiment Signal: Buy
Current Market Cap: C$393.1M
Learn more about FLT stock on TipRanks’ Stock Analysis page.