Draganfly IncDraganfly awarded a five-year Canadian military contract to supply 100 UAS systems plus training, with an option for 4,900 more.

Draganfly has been awarded a five-year contract by the Canadian government to supply uncrewed aircraft systems and training to the Canadian armed forces. The company will provide 100 low-cost tactical intelligence, surveillance, and reconnaissance uncrewed aircraft systems, along with associated ground control stations, payloads, data links, support equipment, documentation, spare parts, and training. Under the terms of the contract, the Canadian government holds an option to order another 4,900 UAS systems for a contractual value of CAD24.25M, or $17.5M, which would bring the total number of UAS systems from Draganfly to 5,000. Shares are about 6% higher ahead of Friday's open, positioning Draganfly to trade in the green for the first time this week.
Draganfly IncDraganfly awarded a five-year Canadian military contract to supply 100 UAS systems plus training, with an option for 4,900 more.