Volatus Aerospace Acquires Strategic Dual-Use UAS Technology to Support Canada's Sovereign Capability and Allied Defense Requirements Worldwide

Core Insights - Volatus Aerospace Inc. has acquired advanced RPAS technologies from Caliburn Holdings LLP, enhancing Canada's aerospace and defense manufacturing capabilities [1][4][9] Financial Details - The acquisition price is CA$2 million, to be paid in the form of 2,631,579 common shares at a price of CA$0.76 per share, with different no-trade hold periods for the shares [2] Strategic Rationale - The acquisition includes complete aircraft designs, validated flight-test data, and engineering documentation for new long-endurance, fixed-wing uncrewed aircraft systems [4][5] - The aircraft platforms can carry payloads from 15kg to 50kg and have flight endurance ranging from 12 hours to 7 days [5][6] Operational Impact - The new UAS platforms will support various missions including border security, surveillance, and critical infrastructure inspections [6][9] - All platforms will be manufactured at the newly launched Volatus Innovation and Drone Manufacturing Facility in Mirabel, which is part of a national aerospace excellence center [7][11] Alignment with National Priorities - The acquisition supports Canada's defense-industrial policy by increasing domestic manufacturing capacity and aligning with the country's defense spending goals [9][10] - Volatus aims to position its facility as a cornerstone of Canada's aerospace and defense ecosystem [10] Future Outlook - The transaction is expected to close on or about November 1, 2025 [12]