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Drone Delivery Canada ( (TSE:FLT) ) has issued an announcement.
Volatus Aerospace Inc. has expanded its NATO ISR drone contract by C$700,000, bringing the total value to approximately C$1.7 million. Deliveries of the drone systems have commenced and are expected to be completed by September 2025. This contract expansion underscores the customer’s confidence in Volatus’ ability to provide mission-critical ISR solutions and solidifies the company’s position as a trusted defense partner, meeting the growing demand for scalable and cost-effective ISR capabilities among NATO member states.
The most recent analyst rating on (TSE:FLT) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Drone Delivery Canada stock, see the TSE:FLT Stock Forecast page.
Spark’s Take on TSE:FLT Stock
According to Spark, TipRanks’ AI Analyst, TSE:FLT is a Neutral.
Drone Delivery Canada’s stock score is primarily influenced by its financial performance, which shows growth in revenue but significant profitability challenges. Technical analysis suggests short-term bullish momentum, but valuation concerns due to negative earnings impact the overall attractiveness. The absence of earnings call and corporate events data limits additional insights.
To see Spark’s full report on TSE:FLT stock, click here.
More about Drone Delivery Canada
Volatus Aerospace Inc. is a Canadian leader in innovative global aerial solutions for intelligence and cargo. The company offers comprehensive solutions using both piloted and remotely piloted aircraft systems across various industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure. Volatus is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies.
Average Trading Volume: 3,820,767
Technical Sentiment Signal: Buy
Current Market Cap: C$348.1M
For detailed information about FLT stock, go to TipRanks’ Stock Analysis page.