TORONTO, Jan. 27, 2026 (GLOBE NEWSWIRE) -- – Volatus Aerospace Inc. (TSX: FLT; OTCQB: TAKOF; Frankfurt: ABB.F) (“Volatus” or the “Company”), a next-generation aerospace and defence company delivering dual-use crewed and uncrewed systems, aerial intelligence, and mission-critical operational services to commercial and public-sector customers, today provided a strategic update on its previously announced partnership with Dufour Aerospace, highlighting continued progress toward the deployment of runway-indepen ...

Core Viewpoint - Volatus Aerospace Inc. is actively engaging with institutional investors and addressing the implications of recent U.S. defense policy changes on its operations and strategy [1][4][8] Group 1: Investor Engagement - Volatus executives, including CEO Glen Lynch and CFO Abhinav Singhvi, will present at the 28th Annual Needham Growth Conference on January 14, 2026, in New York [2] - The Company will also host investor meetings at the AlphaNorth Capital Event from January 16–18, 2026, in the Bahamas [2] - Additionally, Volatus will participate in the RBC Canadian Aerospace and Defence Symposium on January 15, 2026, in Toronto, where Mr. Lynch will be a panelist [3] Group 2: U.S. Defense Policy Update - The recent U.S. Executive Order emphasizes warfighter readiness in defense contracting and proposes a U.S. Department of Defense budget expansion for fiscal year 2027, potentially reaching approximately $1.5 trillion, pending Congressional approval [4][6] - The Executive Order indicates a shift in U.S. defense procurement priorities towards delivery speed, operational readiness, and contractor performance scrutiny [5] - The proposed budget expansion reflects a commitment to enhancing domestic and allied defense capacity and accelerating the deployment of proven systems, which may benefit non-traditional defense suppliers [6] Group 3: Company Strategy Alignment - Volatus' operating model focuses on real-world deployment, execution discipline, and scalable operational capacity, aligning with evolving procurement priorities that emphasize speed and measurable outcomes [7][8] - The CEO of Volatus stated that the current policy direction reinforces the Company's strategic focus on execution and operational capability in demanding environments [8] - The Company views the current U.S. defense policy environment as favorable for firms that prioritize operational readiness and scalable deployment [8]

Core Insights - Volatus Aerospace Inc. has been awarded a defence contract valued at up to CAD $9 million to supply a next-generation interim training system for Intelligence, Surveillance, and Reconnaissance (ISR) operations to an allied defence organization [1][2] - The contract is structured over two years, with an initial tranche of approximately CAD $4.5 million scheduled for delivery in Q1 2026, and a second tranche may be exercised through the end of 2027 [2] - This contract addresses an urgent requirement from a NATO partner to enhance unmanned aviation skills among its defence personnel [2] Company Strategy and Positioning - The contract signifies a strategic milestone for Volatus' defence growth plan, highlighting the importance of uncrewed ISR capabilities in modern defence readiness [3] - The CEO of Volatus emphasized the trust international partners place in Canadian innovation and the company's role in strengthening allied preparedness [3] - The award aligns with Volatus' strategy to position itself as a key contributor to Canada's defence industrial base and the broader NATO ecosystem [3] Deliverables and Commitment - Under the agreement, Volatus will provide a fleet of unmanned aircraft training systems, integrated control interfaces, comprehensive documentation, onsite instructor familiarization, and warranty support [6] - The contract reinforces Volatus' commitment to supporting Canada's defence and security priorities, particularly as Canada increases its focus on uncrewed systems [4][6] - The initiative aims to build domestic expertise in advanced uncrewed and ISR-related technologies while enhancing interoperability with NATO and allied partners [6] Company Overview - Volatus Aerospace is a global provider of integrated aerial solutions for both commercial and defence applications, utilizing piloted and remotely piloted aircraft systems [5] - The company serves various industries, including oil and gas, utilities, healthcare, and public safety, with a mission to enhance operational efficiency, safety, and resilience through scalable aerial technologies [5]

Core Insights - Astellas Pharma is presenting new data on gilteritinib for FLT3m+ acute myeloid leukemia (AML) at the American Society of Hematology (ASH) Annual Meeting, focusing on various treatment settings including relapsed or refractory cases and post-transplant maintenance [1][2] Group 1: Research and Development - Ongoing research with gilteritinib aims to improve long-term outcomes for patients with FLT3m+ AML, particularly in challenging cases characterized by high treatment failure rates [2] - The Phase 3 ADMIRAL and COMMODORE trials provide pooled post-hoc analysis on gilteritinib's effectiveness in relapsed or refractory FLT3m+ AML, emphasizing treatment sequencing and resumption post-transplant [4] - The Phase 1/2 VICEROY study is investigating a triplet combination therapy approach with gilteritinib for newly diagnosed FLT3m+ AML patients who are ineligible for intensive chemotherapy, focusing on safety and efficacy [4] Group 2: Presentations at ASH 2025 - Key presentations include outcomes of patients who resumed gilteritinib therapy after hematopoietic stem cell transplant (HSCT) and interim results from the VICEROY study [3][5] - A presentation will discuss the impact of pre-HCT FLT3 inhibition on minimal residual disease (MRD) and the benefits of post-HCT gilteritinib [5] - Additional studies will cover the long-term follow-up of azacitidine, venetoclax, and gilteritinib in newly diagnosed FLT3-mutated AML patients [6] Group 3: Product Information - Gilteritinib, marketed as XOSPATA, is an FLT3 inhibitor effective against FLT3-ITD and FLT3-TKD mutations, which are associated with poor prognosis in AML [8][10] - XOSPATA is available globally, including in the U.S., Japan, China, and several European countries, for adult patients with relapsed or refractory FLT3m+ AML [8][13]

Core Insights - Volatus Aerospace Inc. has appointed Lieutenant-General (Ret'd) Christopher J. Coates to its Board of Advisors, enhancing the company's defense expertise and supporting its vision for Canadian Armed Forces and allied defense partners [1][5]. Company Overview - Volatus Aerospace is a leader in aerial and defense solutions, focusing on Canadian-made uncrewed aerial systems (UAS), training, and operational capabilities [1][8]. - The company aims to enhance operational efficiency, safety, and resilience through scalable aerial technologies across various industries, including oil and gas, utilities, healthcare, and public safety [9]. Strategic Direction - The Volatus Advisory Board provides strategic guidance on defense procurement, government policy, and emerging capability requirements, while fostering relationships with government, military, and industry stakeholders [4]. - The appointment of Lieutenant-General Coates is expected to strengthen Volatus' domestic manufacturing programs and training capabilities, reflecting the company's commitment to supporting Canada's defense and industrial needs [5][6]. Expertise of Lieutenant-General Coates - Lieutenant-General Coates has extensive experience in defense and security, having served in senior positions within the Canadian Joint Operations Command and NORAD, overseeing both domestic and global military operations [2][7]. - His background includes leadership roles in advanced training and defense transformation, as well as contributions to national security discussions and defense modernization efforts [3][6].

Core Insights - Volatus Aerospace Inc. reported record quarterly revenue and gross profit for Q3 2025, driven by strong demand in the defense sector and expansion of commercial programs [1][2]. Financial Highlights - Revenue for Q3 2025 reached CAD 10,605,438, a 60% increase compared to CAD 6,618,504 in Q3 2024 [3][9]. - Year-to-date revenue for the nine-month period was CAD 26,905,671, up 32% from CAD 20,364,238 in the same period of 2024 [3][8]. - Gross profit for Q3 2025 was CAD 3,470,611, with a gross margin of 33%, slightly down from 34% in Q3 2024 [9][10]. - Adjusted EBITDA loss improved by 52% year-over-year, amounting to CAD 660,661 compared to CAD 1,364,143 in Q3 2024 [9][10]. - The company's cash position strengthened to approximately CAD 40 million following recent financing activities [8][9]. Operational Highlights - Equipment sales surged by 427% year-over-year, primarily due to increased defense demand [3][6]. - The company executed a Letter of Intent (LOI) with VoltaXplore to establish a domestic battery-cell supply for next-generation RPAS platforms [9]. - Significant contracts included a multi-year agreement with a major North American utility for RPAS inspection and mapping services across approximately 100,000 miles of assets [9]. - The company formed a strategic partnership with KI Reforestation to deploy Condor XL heavy-lift RPAS for large-scale aerial seeding [9]. Management Commentary - Management emphasized that Q3 2025 continued the momentum from earlier in the year, with defense demand driving equipment sales and scaling of commercial programs [6]. - The recent financing closed on November 26, 2025, is expected to support rising demand and expand Canadian manufacturing capabilities [6]. Company Overview - Volatus Aerospace is a global provider of aerial intelligence solutions, operating both piloted and remotely piloted aircraft systems for various sectors including defense, healthcare, and public safety [12]. - The company is focused on building RPAS manufacturing capabilities in Quebec to meet emerging large-drone requirements [12].

Core Points - Volatus Aerospace Inc. has completed a bought deal public offering and a non-brokered private placement, raising a total of $26,391,500 [1][2] - The public offering involved the sale of 38,352,500 common shares at a price of $0.60 per share, including 5,002,500 shares from the full exercise of the over-allotment option [1] - The private placement included the sale of 5,633,333 common shares at the same price to international strategic investors [2] Financial Details - The underwriters received a cash commission of 6.0% on the gross proceeds from the public offering, along with an advisory fee of $22,374 [3] - The company paid finder's fees totaling $120,000 related to the private placement [3] Use of Proceeds - The net proceeds from both the public offering and private placement will be allocated for the development of the Mirabel Manufacturing Hub, R&D in drone technologies for the defense sector, potential acquisitions, capital expenditures, and general corporate purposes [4]

Core Points - Volatus Aerospace Inc. has filed a final short form prospectus for a bought deal public offering, qualifying the distribution of 33,350,000 common voting shares at a price of $0.60 per share, aiming for gross proceeds of $20,010,000 [2][3] - The offering includes an over-allotment option for an additional 5,002,500 common voting shares [2] - The expected closing date for the offering is on or about November 26, 2025, pending necessary approvals [3] Company Overview - Volatus Aerospace Inc. specializes in providing innovative aerial solutions for intelligence, surveillance, and cargo, utilizing both piloted and remotely piloted aircraft [6] - The company offers a complete ecosystem of aerial services, including operations, equipment sales, training, and mission support, aimed at helping industries integrate aerial capabilities safely and efficiently [6]

Financial Performance - For the three months ended September 30, 2025, net revenues were $1,172.5 million, a 13.8% increase from $1,029.2 million in the same period of 2024[115]. - Net income attributable to Corpay for the nine months ended September 30, 2025, was $805.3 million, up 6.3% from $757.8 million in 2024[115]. - Adjusted net income attributable to Corpay for the three months ended September 30, 2025, was $405.2 million, representing a 14.3% increase from $354.5 million in 2024[117]. - Total net revenues for Corpay consolidated reached $1,172.5 million, marking a 14% increase from $1,029.2 million in Q3 2024[127]. - Consolidated revenues for the three months ended September 30, 2025, were $1,172.5 million, reflecting a 13.9% increase compared to the prior period, driven by 11% organic growth[143]. - Total consolidated revenues were $3,280.2 million for the nine months ended September 30, 2025, an increase of 11.6% compared to the prior period[166]. - Operating income for the nine months ended September 30, 2025, was $1,429.6 million, reflecting a 10.1% increase from the prior period[173]. - Net income attributable to Corpay increased to $277.9 million for the three months ended September 30, 2025[155]. Segment Performance - Vehicle Payments segment generated $553.2 million in net revenues for the three months ended September 30, 2025, accounting for 47% of total revenues[121]. - Corporate Payments segment revenues increased to $409.7 million for the three months ended September 30, 2025, representing 35% of total revenues[121]. - Vehicle Payments segment reported net revenues of $553.2 million for Q3 2025, a 9% increase from $506.8 million in Q3 2024[127]. - Corporate Payments segment achieved net revenues of $409.7 million, reflecting a significant 27% growth compared to $321.9 million in the same quarter last year[127]. - Vehicle Payments revenues were $553.2 million, a 9.2% increase from the prior period, driven by organic growth of 10% and acquisitions contributing approximately $6 million[156]. - Corporate Payments revenues reached $409.7 million, up 27.3% from the prior period, primarily due to organic growth of 17% and acquisitions contributing approximately $28 million[158]. - Lodging Payments revenues decreased to $127.0 million, a decline of 5.2% from the prior period, attributed to lower emergency-related activity[160]. - Corporate Payments operating income was $474.6 million, a 31.0% increase from the prior period, supported by organic revenue growth and integration synergies[159]. Geographic Performance - The United States accounted for 49% of total revenues for the three months ended September 30, 2025, with net revenues of $575 million[126]. - Brazil's net revenues increased to $183 million for the three months ended September 30, 2025, representing 16% of total revenues[126]. - Corpay operates primarily in three geographies, with 79% of revenues generated in the U.S., Brazil, and the U.K.[118]. Tax and Regulatory Changes - The effective tax rate is subject to fluctuations based on earnings across various taxing jurisdictions, impacting overall financial performance[135]. - The "One Big Beautiful Bill Act" enacted on July 4, 2025, introduces new tax provisions that the company is currently evaluating for potential impacts on financial position[137]. - Provision for income taxes increased to $336.0 million with an effective tax rate of 29.4% for the nine months ended September 30, 2025, compared to $240.0 million and 24.1% in the prior period[177]. Investments and Acquisitions - In October 2025, the company invested approximately $578 million for about 35% equity in a limited partnership, with an enterprise valuation of approximately $1.9 billion[138]. - The company acquired 100% of Gringo for approximately $153.7 million in February 2025, increasing its controlling interest in Zapay to approximately 86%[139]. - In July 2025, the company announced a cash offer to acquire 100% of Alpha Group International plc for approximately £1.8 billion, completed on October 31, 2025[217][219]. - The acquisition of Alpha was funded through borrowings under the company's Credit Facility, without utilizing the £1.875 billion bridge term loan facility[218][219]. - The company divested a lower growth private label fuel card portfolio for approximately $60 million in July 2025, with the transaction closing in October 2025[221]. Cash Flow and Liquidity - Net cash provided by operating activities was $687.2 million, down from $1,291.9 million in the prior period, primarily due to changes in working capital[194]. - Net cash used in investing activities was $282.9 million, a decrease from $378.2 million in the prior period, due to less spending on acquisitions[195]. - Total liquidity as of September 30, 2025, was approximately $3.4 billion, consisting of $1.4 billion available under the Credit Facility and $2.0 billion in unrestricted cash[189]. - The company had $3.0 billion in borrowings outstanding on the Term Loan A and $3.1 billion on the Term Loan B as of September 30, 2025[200]. Stock and Shareholder Actions - The stock repurchase program authorized up to $9.1 billion, with $8.1 billion spent to repurchase 33,951,728 shares, leaving $1.0 billion available for future repurchases[214][215]. - Stock-based compensation expense for Q3 2025 was $27,592,000, down from $28,506,000 in Q3 2024, a decrease of 3.2%[234]. Strategic Partnerships - The company expanded its partnership with Mastercard, with Mastercard acquiring a 2.8% interest in the cross-border business for $300 million[139]. - A strategic partnership with Mastercard was expanded in April 2025, involving a $300 million investment for a 2.8% interest in the cross-border business[222].

Core Points - Volatus Aerospace Inc. is conducting a non-brokered private placement of up to 7,770,000 common voting shares at a price of $0.60 per share, aiming for gross proceeds of up to $4,662,000 [2][10] - The company is also executing a bought deal public offering of common voting shares for gross proceeds of $20,010,000, potentially increasing to $23,011,500 if the over-allotment option is fully exercised, bringing total gross proceeds to $24,672,000 [2][10] - The net proceeds from both offerings will be utilized for the development of the Mirabel Manufacturing Hub, R&D in drone technologies for the defense sector, potential acquisitions, capital expenditures, and general corporate purposes [3] Acquisition Update - The company has completed the acquisition of advanced RPAS technologies from Caliburn Holdings LLP, enhancing Canada's aerospace and defense manufacturing capabilities [7] - This acquisition includes complete aircraft designs, validated flight-test data, and engineering documentation for new long-endurance, fixed-wing uncrewed aircraft systems [8] - The purchase price for the acquisition was settled in common voting shares, totaling 2,631,579 shares at a price of $0.76 per share, with specific hold periods for portions of the shares [9] Strategic Positioning - Volatus believes it is well-positioned to support the Canadian government's defense goals as outlined in the recently released budget titled "Canada Strong" [11] - The infrastructure investments made by the company are aligned with advancing the government's defense priorities [11] Offering Details - The private placement shares will be offered to purchasers outside of Canada under exemptions from the prospectus requirement [4] - The expected closing date for both the public and private offerings is around November 26, 2025, pending necessary approvals [5]