Draganfly Wins 5-Year Canadian Armed Forces Contract for Up to 5,000 ISR Drones
DPRO sits 49% above its 52-week low of $3.781.
Summary
Draganfly secured a five-year contract from the Government of Canada to supply Low-Cost Tactical ISR drones to the Canadian Armed Forces, with an initial firm order for 100 systems and options for up to 4,900 more valued at approximately C$24.25 million.
Key Events · M&A and Partnerships · DPRO
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Five-Year CAF Contract Awarded
A five-year contract from the Government of Canada has been awarded to Draganfly to supply Low-Cost Tactical ISR UAS to the Canadian Armed Forces, with an initial firm commitment for 100 systems.
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Options for 4,900 Additional Systems
The agreement includes options for up to 4,900 additional UAS systems with an aggregate value of approximately C$24.25 million if exercised in full, bringing total potential systems to 5,000.
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Full Program Support Scope
Draganfly will provide system delivery, training, sustainment, spare parts, documentation, software and firmware support, including initial cadre training for CAF personnel.
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Builds on DDI Marketplace Qualification
This contract follows Draganfly's recent acceptance as a qualified supplier in all five categories of Canada's Defence Drone Initiative Marketplace, advancing its participation in the domestic defence ecosystem.
Analysis · DPRO · Manufacturing
A five-year contract from the Government of Canada positions Draganfly to supply Low-Cost Tactical ISR UAS to the Canadian Armed Forces. The initial firm commitment covers 100 systems, but options for up to 4,900 additional units bring the total potential to 5,000, with an aggregate option value of approximately C$24.25 million. This award significantly validates Draganfly's defence capabilities and follows its recent qualification as a supplier across all five streams of Canada's Defence Drone Initiative Marketplace. The contract provides a credible revenue pipeline and strengthens Draganfly's position in Canada's expanding domestic defence ecosystem.
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At the time of this filing, DPRO was trading at $5.65 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $209.7M. The 52-week trading range was $3.78 to $14.40. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.