Ed Note: I believe that FLT is a dynamic, growing, company that is, in the right place, at the right time, with the right products for hungry buyers. Better still, it's still a microcap stock!

Volatus Aerospace (FLT) – Updated Investor Brief (2026)

🎯 Investment Identity

Volatus Aerospace is a microcap growth opportunity at the intersection of:

✔ Uncrewed & autonomous systems
✔ Defence & sovereign capability
✔ Aerial ISR & logistics
✔ BVLOS drone services
✔ Training & systems integration

This is an asymmetric, optionality-focused investment, where long-term value depends on strategic execution and market adoption.

🚀 Core Investment Thesis

Volatus aims to evolve from a commercial drone services provider into a sovereign-capable aerial operations platform by combining:

• Scalable drone services and remote operations
• Training & simulation infrastructure
• Systems integration and sensor payloads
• Defense-focused ISR packages
• VTOL / runway-independent logistics
• Secure Canadian industrial capability

This diversified model targets both commercial and defense revenue curves.

🇨🇦 Strategic Tailwinds

1. Canada’s Defence Industrial Strategy

Canada’s new procurement approach prioritizes:

Sovereign uncrewed/autonomy systems
Sensors, digital platforms, and training
Domestic industrial integration

Volatus’ business model directly aligns with these priority areas, creating a policy-driven demand pull for its solutions.

2. Arctic & Naval Operations

Growing focus on northern sovereignty and maritime domain awareness creates demand for:

Persistent ISR platforms
Ship-deployable VTOL UAS
Logistics support to remote locations

Volatus’ runway-independent/logistics capabilities position it for this niche.

3. NATO & Allied Programs

Expansion of NATO drone adoption and interoperability increases opportunities for:

Training & simulation contracts
ISR solutions
Sustainment and integration packages

🧑‍💼 Leadership & Insider Alignment

CEO: Glen Lynch

Director, President & CEO with ~39 years aviation/aerospace experience.
Prior leadership at GAL Aerospace; extensive operations, manufacturing, and compliance background.
Central to Volatus’ strategic shifts including the Drone Delivery Canada merger, expanding both technology and go-to-market capabilities.

Strong insider alignment:

Glen Lynch holds ~10.2% of outstanding shares (~68.7M shares / ~CA$35M at recent prices).
Other insiders collectively hold ~20.9% of shares.

Why this matters:

CEO ownership at this level aligns management incentives with shareholder outcomes — management has significant skin in the game.
Deep domain experience across aviation, defence, and commercial aerospace supports credible execution in complex sectors.

📈 Growth Potential & Revenue Drivers

Commercial & Government Service Revenue

Transport Canada BVLOS approvals and drone services extensions support recurring government work.

Defense & NATO Contracts

Recent ISR training contracts with NATO-associated customers reinforce defense positioning.

Systems & Payload Integration

Integrating advanced sensors, autonomy software, and VTOL logistics expands addressable market.

Recurring Revenue & Scale

BVLOS networked operations and training platforms can convert one-off engagements into recurring revenue streams.

⚖️ Risk Profile

Main Risks

✔ Execution and scaling complexity
✔ Slow government contract cycles
✔ Dilution / future financings
✔ Margin compression from mixed revenue sources

Volatus remains non-profit and growth-oriented, so risk tolerance and long timelines are essential.

🧠 Investor Takeaway

Bullish points

Leadership with deep aerospace experience and significant share ownership aligning incentives
Strategic alignment with Canadian sovereign defence priorities and global NATO demand
Potential transition from services to higher-value integrated solution provider

Risks to manage

Microcap volatility and capital market dependency
Execution on VTOL/logistics and defense contract scale
Profitability horizon and dilution impact

📌 Summary

Volatus is not a traditional aerospace dividend stock — it’s a venture-like microcap with asymmetric upside tied to:

execution success
government policy adoption
recurring revenue scalability
leadership credibility

CEO Glen Lynch’s ownership stake and industry experience materially underpins confidence in hitting strategic inflection points, aligning management with shareholder returns.

Volatus Aerospace offers:

✔ Legitimate exposure to sovereign defence & autonomy expansion
✔ Structural alignment with Canadian & NATO priorities
✔ Potential for nonlinear upside if operational inflection occurs

Success depends on contract conversion, margin expansion, and dilution control.

Wednesday, February 25, 2026

Why we are accumulating shares of Volatus Aerospace.