Canada’s New Defense Reality: Volatus Graduates to the TSX
Up 340% in a year: Volatus Aerospace Hits the Big Board as Canada Decouples from the US Defense Machine
Up 340% in a year: Volatus Aerospace Hits the Big Board as Canada Decouples from the US Defense Machine.
On February 22, I wrote about Mark Carney’s Defense Industry Strategy (DIS), a blueprint for Canada to decouple from the US Military Industrial Complex and chart its own course. The catalyst for that piece was a call from Glen Lynch, founder and CEO of Volatus Aerospace, who saw exactly how his company fit into this new sovereign vision. He was happy to send me his notes.
I’ve been on board with Volatus since investing in their start-up phase just a few years ago; they were my top pick at a CEM Conference in Muskoka 2022. Since then, the macro thesis has accelerated. Carney has inked security deals across the EU and beyond, signaling a shift away from a US-centric NATO toward a new alliance structure where Canada is positioned to lead.
A cornerstone of that leadership? Drones.
Volatus is Canada’s clear frontrunner in the uncrewed aerial systems (UAS) space. For months in the past year, the stock sat in the $0.13–$0.20 range. Today, it’s at $0.88.
Tomorrow, March 20, Volatus officially graduates to the TSX (FLT.TO).
As Glen Lynch noted in today’s release, moving to the big board provides the institutional platform needed to scale Canadian aerospace innovation and support critical defense missions. It’s a pivotal moment for the company and a testament to Glen’s execution.
The Details:
The Milestone: Graduation to the full Toronto Stock Exchange (TSX).
Corporate Update: You can download the latest strategy briefing at investor.volatusaerospace.com.
Volatus is no longer just a “start-up” story; it is becoming a critical infrastructure player in a world that is rapidly re-arming. Hats off to Glen Lynch, Abby Singhvi, and the team for hitting this milestone.