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Tag: Draganfly

  • Draganfly (DPRO) Lands Major Pentagon Deal, Stock Jumps

    Draganfly (DPRO) Lands Major Pentagon Deal, Stock Jumps

    Draganfly Inc. (NASDAQ: DPRO) shares surged 23.84% to trade at $4.47 as of the last check today, following the company’s announcement of a critical defense delivery order award involving its flagship drone platform.

    Commander3 XL Chosen by U.S. Department of Defense

    Draganfly (DPRO) announced that a major division of the US Department of Defense (DoD) has chosen its Commander3 XL (C3XL) unmanned aerial vehicle (UAV), commonly known as the “Swiss Army Knife” of drones. The DoD’s changing deployment tactics, which are focused on improved field-operational and reconnaissance capabilities, are supported by this milestone selection.

    Draganfly maintained direct contact with military end users to tailor the UAV to particular mission needs, and the order was processed through a reputable prime contractor. This collaboration ensures the Commander3 XL meets operational expectations in real-world defense scenarios.

    Increased Participation in ISR Missions

    For intelligence, surveillance, and reconnaissance (ISR) missions that need flexible and dynamic UAV systems, the Commander3 XL is being used. Its participation in ongoing defense initiatives highlights the rising need for platforms that blend high-performance capabilities with tactical adaptability.

    The C3XL is becoming more and more acknowledged as a dependable tool for critical military, security, and emergency response missions because of its great flight endurance, modular payload flexibility, and mission-specific customisation. The DoD’s choice solidifies Draganfly’s standing as a frontrunner in UAV defensive technology.

    SMEX25 Success Demonstrates Advanced Logistics Capabilities

    Alongside this accomplishment, Draganfly also took part in the Sustainment Modernization Experiment 2025 (SMEX25) of the U.S. Army, which was organized in collaboration with TB2 Aerospace. Autonomously deploying, retrieving, and recharging TB2’s tactical resupply pods during the exercise was 100% successful due to DPRO’s Commander3 XL’s flawless integration with the Drone Recharging Operational Payload System (DROPS).

    This accomplishment demonstrated the DROPS system’s revolutionary potential for military logistics in disputed areas in addition to validating it under demanding field conditions. Defense assessors praised the demonstration, which furthered Draganfly’s expanding contribution to autonomous supply chain innovation for contemporary conflict.

  • Draganfly (DPRO) Stock Sees Pre-Market Lift On Public Offering Closure

    Draganfly (DPRO) Stock Sees Pre-Market Lift On Public Offering Closure

    Growing investor confidence was indicated by increased pre-market activity for Draganfly Inc. (NASDAQ: DPRO) following the completion of a public stock offering. DPRO shares were up 7.01% at $2.5790 as of the most recent pre-market check.

    Closing of Equity Offering

    Draganfly (DPRO) confirmed that a 5.5 million unit public offering, consisting of one ordinary share and a warrant to buy another share, had closed. The transaction, which was priced at $2.50 per unit, brought in around $13.75 million in gross proceeds before related costs. The accompanying warrants have a five-year expiration date and are immediately exercisable at US$3.71 per share.

    Corporate Development and Strategic Capital Allocation

    Initiatives for business expansion and operational requirements will be funded using the offering’s net proceeds. In order to satisfy the growing demand for its drone technology, Draganfly intends to expand its manufacturing capacity and make investments in marketing, possible acquisitions, and core product development.

    Well-Positioned to Benefit from Defence Investment

    In parallel with Draganfly’s capital progress, Canadian Prime Minister Mark Carney recently announced an $80 billion national defense investment aimed at modernizing domestic capabilities. The package emphasizes technology, UAS systems, and industrial growth—areas where DPRO already holds a competitive edge.

    As an award-winning leader in drone innovation with manufacturing and R&D rooted in Canada, the company is uniquely positioned to contribute to objectives under the “Our North Strong and Free” (ONSAF) defense strategy.

    Readiness for Federal Procurement and Military Integration

    Secure radio communications systems have been successfully integrated into Draganfly’s drone systems, demonstrating their interoperability with Department of National Defence (DND) regulations. These projects enhance interoperability with existing Canadian military hardware while meeting crucial procurement requirements including cyber resilience and sovereignty.

    Draganfly (DPRO) is positioned as one of the few Canadian OEMs prepared to supply mission-critical UAS platforms in support of contemporary military operations by demonstrating its capabilities to both Canadian and U.S. defense stakeholders and aligning with changing national goals.

  • Draganfly (DPRO) Shares Gain Momentum In Pre-Market Trading

    Draganfly (DPRO) Shares Gain Momentum In Pre-Market Trading

    Shares of Draganfly Inc. (NASDAQ: DPRO) demonstrated significant momentum, continuing the upward trend observed in the previous trading session. By the latest pre-market check, the stock rose 11.93% to $4.69, building on a remarkable 42% surge from the previous day. The sharp increase in DPRO stock value occurred without immediate news, suggesting that recent company developments may be fueling investor enthusiasm.

    An Effective Fundraising Campaign

    Draganfly (DPRO) completed its previously announced 1,600,000 unit sale last week. Each unit included one ordinary share and one right to buy further shares. Before deducting placement agency fees and other costs, the gross revenues from the sale of these units, which were priced at $2.35, came to $3.76 million. At CA$3.3086 (about US$2.35), the warrants are instantly exercisable and will be in effect for five years after they are issued.

    Interest Is Driven by Technological Developments

    An important turning point for Draganfly was the September 10, 2024, introduction of the APEX Drone. The APEX Drone was created especially for military and law enforcement uses, and it has cutting-edge features to satisfy the demanding requirements of surveillance and defense. DPRO’s commitment to creating state-of-the-art solutions for the security industry is demonstrated by this inventive aerial system.

    Increasing Industry Partnerships

    On September 17, 2024, Draganfly announced a cooperation with Nightingale Security, further expanding its presence in the energy industry. The goal of this partnership is to create an autonomous drone-in-a-box that is specifically designed for oil and gas operations’ real-time surveillance. The project offers improved safety and operating efficiency by combining automation and accuracy, demonstrating DPRO’s versatility across a range of sectors.

    Defense Contracts Showcase Development

    In order to assist logistical operations across many U.S. Department of Defense divisions, the business obtained a purchase order for its Commander 3XL drone on September 24, 2024. This sturdy drone solidifies Draganfly’s expanding prominence in defense applications by being designed for dependable and effective aerial delivery.

    Draganfly (DPRO) continues to establish itself as a pioneer in drone technology, drawing interest from investors and industry stakeholders with its creative products and smart partnerships.

  • Pre-Hours Stock Boost For Draganfly (DPRO) After Securing Oil Industry Contract

    Pre-Hours Stock Boost For Draganfly (DPRO) After Securing Oil Industry Contract

    Following the acquisition of a substantial development contract from a leading oil corporation, Draganfly Inc. (NASDAQ: DPRO) is seeing a notable uptick in its stock value. As per the most recent pre-market check, DPRO shares have risen by 3.77%, reaching $2.48.

    Draganfly Entered Into A Partnership For Advanced UAS Solution

    Draganfly, in collaboration with Nightingale Security—a prominent player in robotic aerial security—has been chosen by a major oil and gas firm to create a comprehensive automated Unmanned Aerial System (UAS) for infrastructure surveillance. This initiative represents a pivotal advancement in employing sophisticated UAS remote sensing technologies to boost both operational efficiency and safety within the oil and gas industry.

    DPRO Will Integrate Cutting-Edge Technology

    The Draganfly APEX is a cutting-edge Unmanned Aerial Vehicle (UAV) platform designed to deliver outstanding performance with a range of payloads and peripherals which will be used in the project. Moreover, a specific sensor suite, comprising thermal, RGB, Tunable Diode Laser Absorption Spectroscopy (TDLAS), and Optical Gas Imaging (OGI) sensors, will be installed in this integrated system. Real-time infrastructure monitoring will be made easier by this combination, enabling the accurate identification of leaks, pollutants, and structural abnormalities.

    Future Phases And Strategic Benefits

    The initial phase of the project, which involved sensor validation and selection, has been successfully completed. The subsequent phase will include demonstrations and field testing, projected to extend through the year’s end. Future stages will see the Draganfly APEX incorporated with Nightingale Security’s Drone in a Box flight software.

    This integration will harness Nightingale’s cutting-edge automation, originally developed for security purposes, to deliver a fully automated remote sensing system. This collaboration will enable the oil and gas company to maintain vigilant monitoring of infrastructure in remote, hazardous, and radio-frequency-challenged environments, ensuring continuous oversight and rapid response to potential issues.

    For Nightingale Security, partnering with Draganfly (DPRO) will enhance their focus on Drone as a First Responder (DFR) missions while benefiting from the advanced capabilities of the APEX drone.

  • In What Way Did The Draganfly (DFLYF) Stock Price Increase By 16%?

    In What Way Did The Draganfly (DFLYF) Stock Price Increase By 16%?

    After gaining 15.65% last session, award-winning, industry-leading drone solution developer and operator Draganfly Inc. (OTCQB: DFLYF) closed the session at $1.7000 which caused its market cap grew to $116.46M. With a volume of 790.77K shares, Draganfly stock traded less than its typical daily volume of 1.33M shares during the session.

    Additionally, DFLYF stock has been trading between $1.4900 and $1.7400. The pink sheets DFLYF stock has 65.82 million outstanding shares against 26.28 million float. As a result of release of the quarterly results, the DFLYF stock price rose.

    How did DFLYF do?

    A leader in producing top-of-the-line software that revolutionizes the way companies work and serve their stakeholders, Draganfly creates software and systems that are cutting edge. As a technology-leading manufacturer and developer with over 22 years of experience serving the public safety, agricultural, industrial, security, mapping, and surveying markets, DFLYF has won numerous awards and honors.

    Last week, Draganfly released its financial results for the first quarter. As a result of organic growth, DFLYF acquired Dronelogics Systems Inc. and sold COVID-19 screening products during the first quarter.

    Highlights of financial results:

    • Draganfly’s revenue for the first quarter increased 209.8%, from $497,057 in the first quarter of 2020 to $1,539,736 in the first quarter of 2021.
    • Product sales of DFLYF accounted for the bulk of revenue growth.
    • Due to the effects of the pandemic, revenue from the DFLYF’s Engineering Services division has decreased substantially year over year in the first quarter of 2021.
    • Almost all of the DFLYF’s remaining revenues came from drone services sales of $409,963.
    • In Q1 2021, the gross margin percentage was 33.4%, versus 22.2% in Q4 2020.
    • A change in the sales mix explains that increase.
    • With the DFLYF’s traditional custom engineering services which decreased in volume primarily due to COVID-19, gross margin decreased by 62.0% year over year.

    The cash position improved as follows:

    Cash balance held by DFLYF was $21.1 million on March 31, 2021, as opposed to $2.0 million on December 31, 2020. Incorporated by the Company’s Regulation A offering, Draganfly (DFLYF) raised US$16,450,000 million.