RE:ContractOver $6 million in revenue last year. It would appear the company is switching focus to military and if you watch the Investor video from earnings, Cam mentions that there are some hurdles to cross in order to be compliant for those types of customers. He also mentions they have been working towards this for a few quarters now.
If you were the military....you want a secure supplier that will not allow security risks on your top secret equipment, and you would want locally or ally friendly sourced components for your weapons.I work across from a large military contractor and the security is pretty tight. Lots of local supplier shops produce components for them. The supplier shops also have compound parking at their plants.
Check out this recent contract in February. Such a contract could be game changing for DPRO. Pay attention to the payload weight capacity and then compare that to DPRO's Commander 3.
Canada will donate more than 800 drones to Ukraine that will help its military forces detect and identify targets as it continues to fight Russia’s invasion, Defence Minister Bill Blair announced Monday.
The Canadian-built drones, valued at over $95 million, will be sourced from Teledyne in Waterloo, Ont. Deliveries to Ukraine’s forces will begin as early as this spring, the federal government said.
“They’re in a hurry, and so are we,” Blair said at the announcement in Etobicoke, Ont.
The spending is part of a previously-announced $500 million in military help for Ukraine.
The government said the drones are important for surveillance and intelligence gathering, and can also be used to move supplies, including munitions, weighing up to 3.5 kilograms. The drones help operators to recognize heat sources, humans and vehicles from far away, even in the dark or in poor weather.
Blair said Kyiv has “told us very clearly they need many more drones,” which have become a critical capability for the Ukrainian forces.
He said the particular drones being donated to Ukraine, Teledyne’s SkyRanger R70 multi-mission Unmanned Aerial Systems, bring “a utility that I think significantly enhances their capabilities, particularly with its ability at some altitude to detect, and to gather information that can be very useful as they defend their country.”
Anne Bulik, Teledyne FLIR’s vice-president of unmanned systems North America said at the press conference the company has already started production on the units. “I’m expecting late March, early April would be the timeline that we will be able to deliver on,” she said, with the full order being delivered over the next year.
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