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Volatus stock takes off after Condor XL launch
Volatus stock takes off after Condor XL launch

The Market Online

time24-07-2025

  • Business
  • The Market Online

Volatus stock takes off after Condor XL launch

(TSXV:FLT) launched its Condor XL heavy-lift drone program, marking a significant milestone in the evolution of autonomous logistics and national aerospace capabilities The Condor platform demonstrated strong potential for long-range, remote operations The global heavy-lift drone market is projected to reach US$1.4 billion by 2030 Volatus Aerospace stock (TSXV:FLT) last traded at $0.68 Volatus Aerospace (TSXV:FLT) launched its Condor XL heavy-lift drone program, marking a significant milestone in the evolution of autonomous logistics and national aerospace capabilities. This content has been prepared as part of a partnership with Volatus Aerospace Inc. and is intended for informational purposes only. Drawing on decades of helicopter operations experience, proprietary avionics development, and a renewed emphasis on rotorcraft-specific training, Volatus is introducing a next-generation platform designed to meet the growing global demand for autonomous, heavy-lift drone solutions. The Condor XL is engineered to carry payloads of up to 180 kilograms and travel distances of up to 200 kilometres, making it ideal for remote logistics, defense applications, and critical infrastructure support. The program's launch comes at a pivotal moment, aligning with recent public addresses by Prime Minister Mark Carney, who reaffirmed Canada's commitment to increased defense spending and the development of sovereign manufacturing capabilities. Volatus believes the Condor XL directly supports these national priorities, representing a strategic investment in dual-use technologies, domestic aerospace innovation, and resilient supply chains. Originally developed by Drone Delivery Canada (DDC), a company that Volatus merged with nearly one year ago, the Condor platform demonstrated strong potential for long-range, remote operations. Volatus has since enhanced the design, integrating advanced avionics and operational capabilities to create the Condor XL—a cornerstone of its broader strategy to deliver scalable, autonomous heavy-lift solutions. 'With our in-house team of experienced helicopter pilots, avionics engineers, and flight safety experts, we are well positioned to bring this platform to market,' Volatus Aerospace's CEO, Glen Lynch said in a news release. 'By merging traditional aviation expertise with advanced unmanned systems, we are driving the next wave of innovation in aerospace.' According to a recent Lucintel market report, the global heavy-lift drone market is projected to reach US$1.4 billion by 2030, growing at a compound annual growth rate of 13.4 per cent from 2024 to 2030. Key drivers include rising demand for aerial logistics, increased adoption in construction and infrastructure sectors, and expanding use in search and rescue operations. For a deeper dive into the company, check out this recent interview our Lyndsay Malchuk had with CEO Lynch to discuss the company's background, its technology, and how Volatus stands apart from all the rest. Volatus provides global aerial solutions for intelligence and cargo backed by a leadership team with more than 100 years of combined institutional knowledge in aviation. The company serves the oil and gas, utilities, healthcare and public safety industries. (Volatus Aerospace Inc. stock chart – July 2024 to July 2025.) Volatus Aerospace stock (TSXV:FLT) closed 4.62 per cent higher at $0.68 and has flown more than 265 per cent higher than where it was this time last year. Join the discussion: Find out what the Bullboards are saying about Volatus Aerospace and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here .

Volatus Aerospace Launches Condor XL Heavy-Lift Drone Program
Volatus Aerospace Launches Condor XL Heavy-Lift Drone Program

Toronto Star

time23-07-2025

  • Business
  • Toronto Star

Volatus Aerospace Launches Condor XL Heavy-Lift Drone Program

TORONTO, July 23, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB), a Canadian leader in aerial intelligence and cargo solutions, is pleased to announce the launch of its Condor XL heavy-lift drone program. Drawing on decades of helicopter operations experience, in-house avionics capabilities, and a renewed focus on rotorcraft-specific training, the company is introducing a next-generation platform designed to meet global demand for autonomous, heavy-lift drone solutions. The timing of this program aligns closely with recent public addresses by Prime Minister Mark Carney, speaking on behalf of the Canadian government, outlining a national commitment to increased defense spending and the development of sovereign manufacturing capabilities. Volatus believes the Condor XL program directly supports these ambitions, representing a strategic investment in domestic aerospace innovation, dual-use technologies, and critical infrastructure resilience. Originally developed by Drone Delivery Canada (DDC), the Condor platform showed strong potential for remote logistics and long-range operations. The Volatus Condor XL will carry up to 180kg and travel up to 200 km.

How did Ukraine manage to modernize and evacuate its An-124 100 Ruslan Condor amidst war with Russia? Details inside
How did Ukraine manage to modernize and evacuate its An-124 100 Ruslan Condor amidst war with Russia? Details inside

Time of India

time17-07-2025

  • Business
  • Time of India

How did Ukraine manage to modernize and evacuate its An-124 100 Ruslan Condor amidst war with Russia? Details inside

Ukraine not only managed to hide and protect its Antonov An-124 100 Ruslan (NATO reporting name Condor) from Russian forces for over three years but also carried out the aircraft's modernization before safely flying it out of the country to Germany. The huge plane took off on July 11 from the Svyatoshino airport in Kiev and reached Leipzig in Germany a few hours later, escaping the Russian air defence and fighter jets patrolling the skies of Ukraine. Five days after the An-124 100 Ruslan landed safely in Leipzig, far away from the reach of Russian military, its owners ANTONOV Airlines on July 16 released details of why the plane was moved out of Ukraine. The company also revealed what happened while it was parked at an airport in Ukraine. Explore courses from Top Institutes in Select a Course Category Digital Marketing Management Product Management CXO others Data Analytics Public Policy healthcare MCA Technology Healthcare Artificial Intelligence MBA Design Thinking Degree Others Finance Leadership Operations Management Project Management Data Science PGDM Data Science Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details ANTONOV shared a 2.52 minute long video showcasing the Ruslan's take off from Svyatoshino and its arrival at Leipzig where the crew and pilots recevied a warm welcome. The aircraft was greeted by water cannons after it landed in Leipzig. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo The video post was accompanied by a statement detailing that the war with Russia did not stop the aircraft's modernization, which had started before President Vladimir Putin ordered the invasion. Though there were some stoppages as Russian forces closed in on Kiev, but the work was restarted and completed after the threat receded. Also Read: Russia caught napping as Antonov An-124 Ruslan takes off from Ukraine, flies over Kiev and vanishes in Germany Live Events What ANTONOV said on An-124 Ruslan's espace from under Russia's nose? The ANTONOV Airlines post reads: "Modernized AN-124-100 Ruslan aircraft successfully relocated from Ukraine to Germany." "ANTONOV has completed a complex multi-year project to deeply modernize one of its legendary transport aircraft An-124-100. On July 11, 2025, Ruslan was safely moved to Germany. This aircraft, manufactured in 1994, has over 21,000 flight hours and over 5,500 flights. Work on its deeply modernized aircraft began in 2021. The goal of the modernization, carried out by the JSC ANTONOV team, is to replace the main components that were manufactured in russia with modern components of Western and Ukrainian production." "Due to the full-scale aggression of Russia in 2022, the work was partially suspended: at that time the aircraft was in a disassembled state. However, even in the most difficult conditions of the war, the team of JSC "ANTONOV" was able to resume work and complete the modernization in June 2025. The relocation of "Ruslan" became not just a technical solution, but a symbol of the stability, professionalism and unity of Ukrainian aircraft manufacturers. The improved "Ruslan" will continue to fly and serve Ukraine on the international route. Currently, the aircraft fleet of JSC "ANTONOV" is in safe conditions, in accordance with internal safety protocols," the statement added. The An-124 100 Ruslan with tail number UR-82073 had the words "Be brave like Irpin" painted on its fuselage. The reference was to the brutal battle between Ukrainian forces and Russian units along Irpin River in the early days which finally resulted in the latter failing in their push to take over Kiev. Also Read: Big worry for Tesla: China's Huawei shocks auto industry with 3,000 km EV battery that charges in just 5 minutes As soon as the Ruslan was spotted over Kiev on July 11, it created a huge buzz as the Russian invasion had ensured that only military airplanes apart from a few government and recuse flights were operating in the region. Russian forces had already destroyed the Hostemel Airport near Kiev in the initial days of the war as well as the An-225 Mriya, the world's biggest aircraft at that time. But the aircraft which fled to Germany survived the attacks as it was moved to Antonov's repair facility in Kiev. An-124 aircraft have been used by Ukraine, the United States of America and several western nations for military cargo. They have also helped in carrying western weapon systems from NATO countries to Ukraine to fight off the Russian invasion. Manufactured in Ukraine, the An-124s have been a source of pride although they have used many Russian systems. But as explained by ANTONOV, the Ruslan has been modernized using western and Ukrainian components.

Details Emerge About An-124 Condor's Mystery Flight Through Kyiv's Restricted Airspace
Details Emerge About An-124 Condor's Mystery Flight Through Kyiv's Restricted Airspace

Yahoo

time17-07-2025

  • Politics
  • Yahoo

Details Emerge About An-124 Condor's Mystery Flight Through Kyiv's Restricted Airspace

The Antonov company today provided new details about its massive An-124-100 Ruslan (NATO reporting name Condor) cargo jet that mysteriously appeared in the highly restricted skies of Kyiv last week. The jet caused a stir because only military aircraft and limited government and rescue helicopter flights are allowed over Kyiv after Russia's full-on invasion. Since then, runways have been blocked to prevent Russian landing attempts and international transportation to and from the Ukrainian capital has been conducted by train. You can read more about the flight of the Condor in our original story here. Condors have been used by the U.S. and other nations to move military supplies, including weapons provided to Ukraine and other outsized loads. The jets, one of the world's largest aircraft, have been a source of pride in Ukraine, where they were manufactured. As we suspected, we now know that this particular aircraft, tail number UR-82073, flew from the Antonov repair facility in Kyiv to the company's new headquarters in Leipzig, Germany on Friday. The flight was launched after completion of a four-year modernization effort, the company explained on Facebook. That work began before the outbreak of the all-out invasion of Ukraine. You can see the jet taxi and take off from Kyiv and land to a water cannon salute in Leipzig in the following video. This Condor, built in 1994, had more than 21,000 flying hours over more than 5,500 flights when the Russians attacked on Feb. 24, 2022, according to Antonov. The goal of the repair work was to replace main components manufactured in Russia with more modern ones made in Ukraine and the West. When Russian forces tried to take Kyiv, the Condor was in a 'disassembled state,' Antonov noted. The company's headquarters and at least one Condor in relatively decent condition were destroyed at Hostemel Airport during the opening battle when the Russians tried to take the airfield as a staging ground to attack Kyiv. It was during this fight that the biggest aircraft in the world at the time, the beloved An-225 known affectionately as Mriya, and a direct cousin of the An-124, was also destroyed. However, UR-82073 was located at Antonov's repair facility in Kyiv and was spared destruction. Dmytro Antonov se dostal do hangáru v Hostomelu. Letadlo An-124 UR-82009 je také poškozeno. — flyRosťa (@flyrosta) April 1, 2022 Still, as a result of 'the full-scale aggression of Russia,' Antonov said it initially ordered a partial suspension of the modernization effort. However, the work ultimately continued. 'Even in the most difficult conditions of the war, the team of JSC 'ANTONOV' was able to resume work and complete the modernization in June 2025,' the company noted. As part of the refurbishing, the jet's livery included the phrase 'Be Brave Like Irpin' emblazoned under the cockpit. It is a reference to the pivotal fight along the Irpin River in the early days of the all-out war that helped keep the Russians from advancing into Kyiv. UR-82073 is one of a number of Condors owned and operated by Antonov Airlines, a subdivision of the company specializing in international cargo transportation. The AN-124-100 'can load shipments weighing up to 120,000kg (264,555lbs),' the company pointed out. 'However, two of Antonov Airlines' seven AN-124-100s have been modified to accept 150,000kg (330,693lbs) payloads.' Designated AN-124-100M, 'Antonov Airlines' modernized versions boast upgraded navigation systems (P-RNAV) and fully comply with the latest ICAO avionics and noise regulations, meaning that they can operate globally and without restriction,' the company added. When the modernization work was completed, UR-82073 took off for Germany, sparking curiosity and wonderment from surprised Ukrainians. Meanwhile, several Russian milbloggers expressed disgust that the Condor was not blown up on the ground or shot out of the sky. It is worth noting that any aircraft that large would have given off enough signatures for the Russians to easily spot it, at least if it climbed to higher altitudes (especially if no A-50 is up). Actually hotting it down is another challenge altogether. That the An-124 was able to take off from Kyiv and fly over Ukrainian airspace unscathed is a bone of contention for the popular Fighterbomber Telegram channel. 'A sad event, of course. For our intelligence first and foremost,' stated Figtherbomber on Friday. The channel is closely tied to Russian military aviation. 'The sad thing here is not that the An-124 arrived, but that it was able to leave intact and unharmed. It arrived, of course, at night, later, when our agents are asleep.' In the hours after UR-82073 flew over Kyiv, some Russian Telegram channels claimed it had flown out of Dnipro, ahead of an expected Russian advance. In our story about that flight, we noted it was 'most likely that the aircraft in question had been stranded in Ukraine since 2022 and took off from the Svyatoshino airport in Kyiv. That's the headquarters of the Antonov Serial Production Plant.' Satellite imagery obtained by The War Zone backed up this assertion. Taken July 2 by Planet Labs, the image shows that there was two relatively intact An-124s on the apron at the time. One in particular seems to have been active, with the aircraft moving to the runway on July 5th. On Wednesday, after Antonov officials revealed what really happened, they expressed pride in what they accomplished. 'The relocation of [the Condor] became not just a technical solution, but a symbol of the stability, professionalism and unity of Ukrainian aircraft manufacturers, the company proclaimed. The improved jet 'will continue to fly and serve Ukraine on the international route.'' The completion of the An-124's modernization work was a bright moment of hope for Ukrainians at a very difficult time. However, given the nature of the war, it may be quite some time before another Condor flight is spotted over Kyiv. Contact the author: howard@ Solve the daily Crossword

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