tiprankstipranks
Trending News
More News >

Volatus Aerospace fulfills demonstration order with a G-20 defense organization

Volatus Aerospace (TAKOF) announces the successful completion of a demonstration order for a leading defense organization from a G-20 nation on April 23, 2025. The demonstration involved two mission profiles critical to modern defense operations: a Tactical Intelligence, Surveillance, and Target Acquisition, ISTA, mission and a Long-Endurance Surveillance and Reconnaissance mission. Under the terms of the order, Volatus delivered two advanced drone systems: a fixed-wing VTOL drone optimized for covert surveillance in contested environments, and a nano drone designed for visually discreet reconnaissance. Both platforms showcased the precision, endurance, and flexibility demanded by modern defense operations. Following the successful trial and evaluation phase, Volatus anticipates being shortlisted for follow-on contracts with a potential total value of up to USD $8 million with gross margins consistent with similar contracts of this nature. While this represents a significant opportunity, the process remains competitive and there can be no assurance of contract award.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue