Volatus Aerospace Selected to Advance to Next Phase of U.S. Drone Dominance Program
Volatus Aerospace (FLT.V) has been selected to advance to the next phase of evaluation under the U.S. Drone Dominance Program Phase II initiative, it said on Tuesday.The company said it submitted its application under Mission Area A - Long Range Strike, utilizing a One-Way Attack (OWA) FPV platform developed through allied industrial collaboration and supported by the company's "broader autonomy, aerospace operations, and manufacturing capabilities." The next phase is expected to include operational qualification activities, production readiness assessments, and additional program evaluations, it added."The company cautions that advancement to the next phase of the program does not guarantee future selection, prototype award, production orders, or commercial agreements," it noted in a statement.Shares of the company were last seen up 8.7% at $0.75 on the Toronto Stock Exchange.
