FLT 1st Defense Contract. Take off guys

FLT 1st Defense Contract. Take off guys Volatus Aerospace Awarded Canadian Defence Contract for Tactical ISR Uncrewed Aircraft Systems for up to 5,000 systems. 10 Sep 2026 GlobeNewswireVolatus Aerospace Awarded Canadian Defence Contract for Tactical ISR Uncrewed Aircraft Systems for up to 5,000 systemsInitial award includes 100 tactical ISR systems under a Government of Canada procurement framework valued at up to C$25 millionGlobeNewswireSeptember 10, 2026 MIRABEL, Québec, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSX: FLT) (OTCQX: TAKOF) (Frankfurt: ABB.F) ("Volatus" or the "Company"), a Canadian-headquartered global aerospace and defence company, today announced that it has been awarded a five-year contract by the Government of Canada to supply Low-Cost Tactical Intelligence, Surveillance and Reconnaissance (ISR) Uncrewed Aircraft Systems (UAS) to the Canadian Armed Forces (CAF). The initial procurement includes 100 tactical ISR UAS systems, and provides Canada, at its sole discretion, with options to acquire up to an additional 4,900 tactical ISR UAS, creating a procurement pathway for as many as 5,000 systems in total. The Government of Canada's procurement framework established a maximum price of C$5,000 per system and contemplated a maximum procurement envelope of C$25 million. Volatus' contracted pricing remains commercially confidential. Volatus was selected through the first Request for Proposal issued under Stream 1, Uncrewed and Autonomous Systems and counter-UxS, of the Government of Canada's Defence Drone Initiative (DDI) Marketplace. The award follows Volatus' qualification across all five DDI work streams and represents the Company's first conversion of its DDI qualification into a CAF contract. The contract covers an end-to-end tactical ISR solution, including aircraft, payloads, ground control stations, data links, training, sustainment, spare parts, documentation, and software and firmware support. The systems are intended to provide the CAF with a sustainable UAS capability supporting land forces across a wide range of missions. "Canada is seeking sovereign, secure and supportable defence technologies that can be fielded efficiently and scaled as operational requirements evolve," said Glen Lynch, Chief Executive Officer of Volatus. "It validates the strength of our integrated model, which extends beyond aircraft delivery to include payload integration, training, sustainment and technical support. We are proud to help strengthen Canada's sovereign capacity to field and support operationally relevant uncrewed systems." The Company's growing Canadian manufacturing, integration and operational footprint, including its Innovation and Manufacturing Hub in Mirabel, Quebec, and Operations Control Centre in Vaughan, Ontario, positions Volatus to support Canada's objective of building a resilient domestic defence industrial base. Beyond this contract, Volatus' qualification across all five DDI streams enables the Company to compete for future requirements involving uncrewed systems, communications, engineering and integration, testing and training, and innovation and experimentation. Each future opportunity and award will remain subject to a separate Government of Canada procurement process. Delivery of the initial tranche is expected to begin in the fourth quarter of 2026. The optional systems are not committed purchases, backlog or revenue. Any exercise of the options remains at the sole discretion of Canada and will be subject to applicable government requirements, approvals and contract amendments.