MONTREAL, March 17, 2026 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV: FLT) (OTCQB: TAKOF) (FSE: ABB.F) (“Volatus” or the “Company”), a Canadian aerospace and defence company delivering integrated uncrewed systems and mission-critical operational services, today announced it has been approved for non-dilutive funding support of up to $320,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). The funding supports development activities related to the Volatus Condor XL heavy-lift uncrewed aerial system, including avionics architecture development, autonomy integration, and flight validation activities supporting future commercial and government applications.
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Brief Summary
Volatus Aerospace Inc. has secured $320,000 in non-dilutive funding from the NRC-IRAP to advance its Condor XL development. This funding will enhance their capabilities in the competitive unmanned aerial vehicle market.
- Funding Amount: Up to $320,000
- Key Focus: Development of Condor XL heavy-lift uncrewed aerial system
- Integration Areas: Avionics architecture and autonomy
- Applications: Commercial and government sectors
Why it matters: This financial boost positions Volatus to innovate their systems and expand into new markets.
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