Latest news with #Low-CostUncrewedCombatAttackSystems
The Market Online
06-08-2025
- Business
- The Market Online
Volatus' new financing helps push toward defense expansion
Volatus Aerospace raised C$4.2 million through a bought deal private placement with Ventum Financial Corp. to support its expansion into the defense sector and boost drone inventory The company secured a C$1 million contract to deliver lightweight tactical drone systems to a NATO member country The drones are optimized for tactical missions, featuring electro-optical and thermal sensors for all-weather, day-and-night operations Volatus Aerospace stock (TSXV:FLT) last traded at $0.60 Volatus Aerospace (TSXV:FLT) announced a significant milestone in its growth strategy, signing off on a bought deal private placement agreement with Ventum Financial Corp. to raise gross proceeds of C$4.2 million. The financing involves issuing 8,076,924 units at $0.52 each, consisting of one common share and one-half of a warrant exercisable at $0.76 for 36 months. This content has been prepared as part of a partnership with Volatus Aerospace Inc. and is intended for informational purposes only. In a media statement, the drone company explained that the net proceeds from this offering will be directed toward expanding Volatus' defense business segment and increasing inventory of drone systems to meet surging demand across Canada, the United States, and international markets. The announcement comes on the heels of Volatus securing a C$1 million contract to deliver a fleet of lightweight tactical ISR (intelligence, surveillance, and reconnaissance) drone systems to a customer in a NATO member country. The contract is expected to be fulfilled by the end of the month, with gross margins consistent with the company's standard for defense sector deliveries. Designed for short-range tactical operations, the ISR drones feature electro-optical and thermal imaging sensors, enabling day and night missions in all weather conditions. Their compact form factor, rapid deployment capability, and robust data capture make them ideal for situational awareness and reconnaissance in dynamic environments. 'As threats continue to evolve, so must the technologies that support frontline operations,' Glen Lynch, CEO of Volatus Aerospace said in a news release. 'Our ISR solutions are field-tested, cost-effective, and designed to deliver critical intelligence when and where it's needed most.' The NATO contract and the new financing round point to Volatus' growing influence in the defense sector and its ability to respond to the increasing demand for scalable, economically sustainable ISR capabilities. This news also came the same day as another top Canadian drone developer, Draganfly (CSE:DPRO) showcased its wares at the Pentagon's Low-Cost Uncrewed Combat Attack Systems (LUCAS) event. Volatus Aerospace stock (TSXV:FLT) last traded at $0.60 and is flying 313.79 per cent higher since the start of the 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 .
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
05-08-2025
- Business
- Toronto Star
Draganfly Demonstrates Integrated Tactical Strike System at Invite-Only Pentagon Event
Washington, D.C., Aug. 05, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A), an award-winning, industry-leading developer of drone solutions and systems, proudly participated at the Pentagon's Low-Cost Uncrewed Combat Attack Systems ('LUCAS') at a recent invite-only event. Selected by MMS Products, Inc. ('MMS'), the developer of the Mjolnir Modular Munition System ('Mjolnir'), Draganfly's UAV platforms were showcased with integrated kinetic payload capabilities, demonstrating the future of low-cost, scalable, autonomous lethality for modern conflict. This milestone builds on the Company's 2024 collaboration with MMS' Mjolnir, in which Draganfly was chosen to develop a tactical multi-drop payload system. The Pentagon event provided a national-stage venue for demonstrating this integrated solution to senior U.S. Department of Defense officials and allied partners from across the global defense enterprise.
