11:01 AM EDT, 08/05/2025 (MT Newswires) -- Volatus Aerospace ( TAKOF ) on Tuesday was up more than 10% after it secured an initial contract worth about $1 million contract to deliver a fleet of lightweight tactical intelligence, surveillance, and reconnaissance (ISR) drone systems to a customer in a NATO member country.

The company said this initial contract is expected to be fulfilled in August 2025, at gross margins in line with its standard defense sector equipment delivery.

"This contract reinforces our commitment to delivering agile and mission-proven ISR solutions for allied defense forces," said Volatus Aerospace ( TAKOF ) Chief Executive Glen Lynch.

Shares of the company were last seen up $0.060 at $0.61 on the TSX Venture Exchange.

Price: 0.61, Change: +0.06, Percent Change: +10.91