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The latest announcement is out from Drone Delivery Canada ( (TSE:FLT) ).
Volatus Aerospace Inc. announced plans to establish the Volatus Mirabel Innovation Centre and Drone Manufacturing Hub at Montréal–Mirabel International Airport. This initiative will enhance Canada’s defence readiness and support NATO allies by expanding sovereign drone capacity. The facility, supported by Aéroports de Montréal, will enable serial production of Canadian-built drones to meet domestic defence and allied market needs. This move aligns with Canada’s recent priorities to strengthen domestic defence capabilities and secure supply chains, signaling a growing demand for Canadian-made drone solutions.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 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.
Drone Delivery Canada’s stock score is primarily influenced by its financial performance, which shows growth in revenue but significant profitability challenges. Technical analysis suggests short-term bullish momentum, but valuation concerns due to negative earnings impact the overall attractiveness. The absence of earnings call and corporate events data limits additional insights.
To see Spark’s full report on TSE:FLT stock, click here.
More about Drone Delivery Canada
Volatus Aerospace Inc. is a Canadian leader in aerial intelligence and unmanned aircraft systems, offering innovative solutions for intelligence, surveillance, and cargo through both piloted and remotely piloted aircraft. The company provides a comprehensive ecosystem of aerial services, including operations, equipment sales, training, and mission support, aimed at integrating aerial capabilities safely, efficiently, and sustainably across various industries.
Average Trading Volume: 2,366,697
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$437.2M
See more insights into FLT stock on TipRanks’ Stock Analysis page.