financetom
Business
financetom
/
Business
/
Draganfly Appoints The Institute for Drone Technology as Distributor in Australia; Shares Rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Draganfly Appoints The Institute for Drone Technology as Distributor in Australia; Shares Rise
Aug 12, 2024 7:47 AM

10:20 AM EDT, 08/12/2024 (MT Newswires) -- Draganfly ( DPRO ) said Monday it has appointed The Institute for Drone Technology as a distributor of its drone technology in Australia as part of their strategic partnership.

The Institute for Drone Technology is a drone solution provider for the Australian government and enterprise sectors, the firm said.

"This collaboration will enable us to better serve the significant and growing demand for our products within Australia," said Chief Executive Cameron Chell.

Draganfly ( DPRO ) shares were up about 56% in recent trading.

Price: 0.16, Change: +0.06, Percent Change: +56.00

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
PyroGenesis Canada Receives $4.1 Million as Part of Drosrite Contract
PyroGenesis Canada Receives $4.1 Million as Part of Drosrite Contract
Jun 27, 2024
07:07 AM EDT, 06/27/2024 (MT Newswires) -- PyroGenesis Canada ( PYRGF ) on Wednesday said it received a $4.1 million payment as part of a contract with Drosrite International, with additional payments to follow. As part of the contract, PyroGenesis manufactured and delivered three DrosriteTM aluminum dross recovery systems that have been in full commercial operation since April 2022 for...
Market Chatter: Boeing Claims Maiden Voyage of Starliner 'Going Well,' Despite Snags
Market Chatter: Boeing Claims Maiden Voyage of Starliner 'Going Well,' Despite Snags
Jun 27, 2024
07:04 AM EDT, 06/27/2024 (MT Newswires) -- Boeing ( BA ) on Wednesday said that the maiden voyage of its Starliner spacecraft to the International Space Station was going well, despite reports of problems with the spacecraft that has delayed its return to earth, the Financial Times reported, citing a company statement. Boeing ( BA ) and NASA decided to...
Walgreens cuts 2024 profit forecast on worse-than-expected consumer spending
Walgreens cuts 2024 profit forecast on worse-than-expected consumer spending
Jun 27, 2024
June 27 (Reuters) - Walgreen Boots Alliance cut its profit forecast for fiscal 2024 on Thursday, citing challenging pharmacy industry trends and a worse-than-expected U.S. consumer environment. The company now expects an adjusted profit of $2.80 to $2.95 per share for its financial year ending August, compared with its $3.20 to $3.35 per share forecast in March. Analysts, on average,...
Prysmian to avoid large acquisitions in next 2-1/2 years to cut debt, CEO says
Prysmian to avoid large acquisitions in next 2-1/2 years to cut debt, CEO says
Jun 27, 2024
MILAN, June 27 (Reuters) - Italian cablemaker Prysmian will target acquisitions of around 500 million euros ($535 million) and refrain from large M&A deals in the next 2-1/2 years to focus on reducing its 5 billion euros of debt, its chief executive said on Thursday. Prysmian's debt rose as it prepared for the 3.9-billion-euro acquisition of U.S. company Encore Wire...
Copyright 2023-2026 - www.financetom.com All Rights Reserved