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Drone Delivery Canada ( (TSE:FLT) ) has shared an update.
Volatus Aerospace has acquired advanced RPAS technologies from Caliburn Holdings, enhancing Canada’s sovereign aerospace capabilities and supporting allied defense requirements. This acquisition includes scalable UAS platforms with long-endurance capabilities, which will be manufactured at Volatus’s new Mirabel facility, aligning with national defense priorities and expanding domestic manufacturing capacity.
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 and technical analysis. While the company shows revenue growth, profitability remains a significant challenge. Technical indicators suggest positive momentum, but valuation concerns persist due to negative earnings. Improving operational efficiency and profitability will be key to enhancing the stock’s attractiveness.
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 aerial intelligence and unmanned aircraft systems, focusing on the development and integration of advanced aerospace technologies. The company is committed to strengthening Canada’s aerospace and defense manufacturing capacity, with a market focus on defense, public security, and critical infrastructure sectors.
YTD Price Performance: 382.76%
Average Trading Volume: 2,230,291
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$429.6M
Learn more about FLT stock on TipRanks’ Stock Analysis page.