12:23:09 EDT Mon 20 Apr 2026
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Volatus Aerospace Inc
Symbol FLT
Shares Issued 672,708,256
Close 2026-04-17 C$ 0.76
Market Cap C$ 511,258,275
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Globe says Volatus at forefront of Canada's drone push

2026-04-20 08:43 ET - In the News

The Globe and Mail reports in its Saturday edition that Volatus Aerospace is raising the stakes of what's possible for a Canadian drone company. The Globe's Pippa Norman writes that it's in good company, as its fellow innovators from across the country flock to the sector. "It's a rising tide," said Glen Lynch, chief executive officer of Volatus. "Industry is going to do well, if they don't get in one another's way." Canada is behind in the global drone race. Without a war on its doorstep to incentivize innovation, its armed forces have been left lacking some of the critical technologies needed to fight on the modern battlefield. Ukraine's response to Russia's illegal invasion continues to change the world of warfare through an influx of uncrewed systems. Lessons learned in Ukraine are being amplified further by the conflict in the Middle East, where expensive legacy systems built for the U.S. military are coming under fire from mass-saturation attacks by cheaper Iranian drones. Canada is catching up fast. Ottawa's new Defence Industrial Strategy has highlighted drone development as a priority. Uncrewed and autonomous technology offerings in Canada have been developing for decades; defence is giving them a big push.

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