13:14:34 EDT Fri 14 Aug 2026
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Volatus Aerospace Inc
Symbol FLT
Shares Issued 725,838,256
Close 2026-08-13 C$ 0.57
Market Cap C$ 413,727,806
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Globe says Volatus told feds keen on drone technology

2026-08-14 08:35 ET - In the News

The Globe and Mail reports in its Friday edition that Canada is moving quickly to secure a long-range strike system that has proved effective in the war in Ukraine, putting much of the country' s evolving defence procurement strategy to the test. The Globe's Pippa Norman writes that the deep-precision strike (DPS) system that Canada is looking to buy from another country initially, and later develop in-house, is somewhere between a long-range one-way attack drone and a cruise missile. It's a mode of attack that several NATO members, including Canada, have identified an urgent need for based upon observations from the war in Ukraine. Germany and Norway are among the countries with companies leading in this field. The procurement, and subsequent development, of a DPS system in Canada over the next couple of years will be among the first tests of changes the federal government has put forth to improve its historically sluggish bureaucratic processes when it comes to defence purchases. Recent reports detail Kyiv's use of long-range drones to hit warehouses and oil refineries in Russia more than 2,000 kilometres from Ukraine. The application period to join the marketplace's pool of qualified suppliers closes today.

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