Latest news with #DraganflyInc
Toronto Star
a day ago
- Business
- Toronto Star
Draganfly Announces Second Quarter Results of 2025 with 37% Increase in YoY Product Sales
Vancouver, BC., Aug. 11, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) ('Draganfly' or the 'Company'), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its second quarter financial results. Key Financial and Operational Highlights for Q2 2025:
The Market Online
05-08-2025
- Business
- The Market Online
Draganfly's Pentagon demonstration: A glimpse into the future of autonomous warfare
Draganfly Inc. showcased its UAV platforms at the Pentagon's LUCAS event The demonstration featured the deployment of Mjolnir munitions from Draganfly's Group I drones, highlighting a tactical shift toward low-cost, scalable, and autonomous strike capabilities for modern conflict scenarios While the event marks a technological milestone, it also raises public concerns about the ethical and strategic implications of increasingly autonomous, weaponized drone systems in global defense operations Draganfly stock (CSE:DPRO) opened trading at C$7.41 Draganfly (CSE:DPRO) recently participated in a high-profile, invite-only demonstration at the Pentagon's Low-Cost Uncrewed Combat Attack Systems (LUCAS) event. The company was selected by MMS Products Inc., the developer of the Mjolnir Modular Munition System, to showcase integrated kinetic payload capabilities on its Group I UAV platforms. This content has been prepared as part of a partnership with Draganfly Inc., and is intended for informational purposes only. This event marked a significant milestone in Draganfly's ongoing collaboration with MMS, which began in 2024 with the development of a tactical multi-drop payload system. The Pentagon demonstration offered a national platform to exhibit the fusion of Draganfly's autonomous flight systems with Mjolnir's modular munitions—designed for ISR-to-strike missions and contested-environment survivability. The sit-rep from capcom Draganfly's UAVs demonstrated the deployment of the Mjolnir warhead, a lightweight, drone-agnostic munition capable of delivering fragmentation, explosively formed penetrator, and anti-armor effects. The integration of such munitions into small, low-cost drones represents a shift in how modern militaries may approach scalable, autonomous lethality. According to Draganfly CEO Cameron Chell in a media statement, the demonstration was a 'major validation' of the company's work in tactical UAV innovation. But while the event may signal a technological leap forward, it also raises broader questions about the trajectory of military automation and the ethical implications of increasingly autonomous weapons systems. The rise of low-cost lethality The LUCAS initiative reflects a growing interest within the U.S. Department of Defense and allied forces in field-adaptable, interoperable systems that can be rapidly deployed in complex environments. The recent milestone—Mjolnir becoming the first live munition dropped by a U.S. Marine Corps VTOL platform—underscores the accelerating adoption of modular munitions in uncrewed systems. However, this evolution toward low-cost, scalable lethality is not without controversy. Critics argue that the proliferation of autonomous or semi-autonomous weapons platforms could lower the threshold for conflict, increase the risk of unintended escalation, and complicate accountability in warfare. The integration of AI and modular munitions into small drones may make it easier for state and non-state actors alike to deploy lethal force with minimal oversight. Public accountability and the future of warfare While Draganfly's technological achievements are notable, their participation in LUCAS also highlights the growing entanglement of private tech firms in national defense strategies. As companies like Draganfly and MMS push the boundaries of what's possible in autonomous combat systems, the public is left to grapple with the implications. Who decides how these systems are used? What safeguards are in place to prevent misuse or mission creep? And how do we ensure transparency and accountability in a domain increasingly dominated by black-box algorithms and proprietary technologies? These are not just questions for policymakers and defense contractors—they are questions for society at large. About Draganfly Draganfly Inc. is a Canadian developer of drone systems and autonomous solutions. Draganfly stock (CSE:DPRO) was trading more than 10 per cent higher at Tuesday's market open at C$7.41 and has flown 36.75 per cent higher since the year began. Join the discussion: Find out what the Bullboards are saying about Draganfly 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 .
Toronto Star
21-07-2025
- Business
- Toronto Star
Draganfly Announces Closing of US$25.0 Million Registered Direct Offering
Saskatoon, SK., July 21, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) ('Draganfly' or the 'Company'), an award-winning developer of drone solutions, software, and robotics, today announced the closing of its previously announced registered direct offering of 4,672,895 units of the Company (the 'Units'), at a price of US$5.35 per Unit, for gross proceeds of approximately US$25.0 million, before deducting placement agent discounts and offering expenses (the 'Offering'). Each Unit consists of one common share in the capital of the Company (each, a 'Common Share') and one common share purchase warrant (each, a 'Warrant'). The Warrants entitle the holder thereof to purchase one Common Share at an exercise price of CA$7.3579 (the Canadian dollar equivalent of US$5.35) per Common Share, are exercisable immediately and will expire five years following the date of issuance.
Business Upturn
16-07-2025
- Business
- Business Upturn
Draganfly's Commander3 XL UAV Selected by Major Branch of the U.S. Department of Defense for Advanced Operation Initiatives
By GlobeNewswire Published on July 16, 2025, 16:15 IST Tampa, FL, July 16, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) ('Draganfly' or the 'Company'), an award-winning developer of drone solutions, software, and robotics, today announced the successful selection of its Commander3 XL (C3XL) UAV platform, also known as the 'Swiss Army Knife' of drones, by a major branch of the United States Department of Defense (DoD). This delivery supports next-generation deployment initiatives focused on advanced reconnaissance in combination with operational capabilities. The procurement was facilitated through a known prime contractor, with Draganfly engaging directly with end-user military stakeholders to ensure the platform was tailored to meet real-world mission requirements. The Commander3 XL platform is to be deployed for intelligence, surveillance, and reconnaissance (ISR) missions that require additional operational capabilities underscoring the growing demand for adaptable UAV platforms in active defense scenarios. 'This delivery further validates the Commander3 XL's reliability and versatility for frontline applications,' said Cameron Chell, CEO of Draganfly. 'We're honored to support the DoD's commitment to autonomous and semi-autonomous multi-mission systems that enhance operational effectiveness.' The Commander3 XL is renowned for its robust flight performance, modular payload options, and mission-specific adaptability, making it a trusted platform for complex defense, security, and emergency response operations. About Draganfly Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives. Media Contact [email protected] Company ContactCameron ChellChief Executive Officer(306) 955-9907 [email protected] CSE Listing NASDAQ Listing Frankfurt Listing Forward-Looking Statements This release contains certain 'forward looking statements' and certain 'forward-looking information' as defined under applicable securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as 'may', 'will', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'continue', 'plans' or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements include, but are not limited to, statements with respect to the Commander 3XL platform's ability to meet real-world mission requirements, its ability to complete ISR missions that may require a mission profile requiring additional operational capabilities, and statements regarding the growing demand for adaptable UAV platforms in active defense scenarios Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to: the potential impact of epidemics, pandemics or other public health crises, including the COVID-19 pandemic, on the Company's business, operations and financial condition; the successful integration of technology; the inherent risks involved in the general securities markets; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of cost estimates; the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions; and liability, competition, loss of key employees and other related risks and uncertainties disclosed under the heading 'Risk Factors' in the Company's most recent filings filed with securities regulators in Canada on the SEDAR website at and with the United States Securities and Exchange Commission (the 'SEC') on EDGAR through the SEC's website at The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents managements' best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Hamilton Spectator
12-06-2025
- Business
- Hamilton Spectator
Draganfly Announces Closing of US$13.75 Million Public Offering
Saskatoon, SK., June 12, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) ('Draganfly' or the 'Company'), a drone solutions, and systems developer, today announced the closing of its previously announced public offering (the 'Offering') of 5,500,000 units, with each unit consisting of one common share and one warrant to purchase one common share. Each unit was sold at a public offering price of US$2.50, for gross proceeds of approximately US$13.75 million, before deducting placement agent discounts and offering expenses. The warrants have an exercise price of CA$5.0768 (or US$3.71) per share, are exercisable immediately and will expire five years following the date of issuance. Maxim Group LLC acted as sole placement agent for the Offering. Draganfly currently intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company's core products, potential acquisitions and research and development. The Offering was made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-271498) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission ('SEC') on July 5, 2023 and the Company's Canadian short form base shelf prospectus dated June 30, 2023 (the 'Base Shelf Prospectus'). Draganfly offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers. A final prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in the Canadian provinces of British Columbia, Saskatchewan and Ontario, and with the SEC in the United States and is available for free by visiting the Company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at or the SEC's website at , as applicable. Copies of the final prospectus supplements and accompanying Base Shelf Prospectus relating to the Offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@ . This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Draganfly Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives. Media Contact media@ Company Contact Cameron Chell Chief Executive Officer (306) 955-9907 Email: info@ Forward Looking Statements Certain statements contained in this news release may constitute 'forward-looking statements' or 'forward-looking information' within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds of the Offering. Actual future events may differ from the anticipated events expressed in such forward-looking statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws. Investors are cautioned not to unduly rely on these forward-looking statements and are encouraged to read the Offering documents, as well as Draganfly's continuous disclosure documents, including its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at and on EDGAR at .
