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Bullboard - Stock Discussion Forum Draganfly Inc C.DPRO

Alternate Symbol(s):  DPRO

Draganfly Inc. is a Canada-based creator of drone solutions, software, and artificial intelligence (AI) systems. The Company’s segments include Drones, Vital (Vital Intelligence), and Corporate. The Drones segment includes products and services related to the sale of unmanned aerial vehicles (UAV). The Vital Intelligence segment is engaged in the sale of products that measure vitals to help... see more

CSE:DPRO - Post Discussion

Draganfly Inc > $391 Million in New Funding For Drones
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Post by Valuehunter72 on Apr 30, 2024 9:50pm

$391 Million in New Funding For Drones

Announced today in Ukraine

Ukraine has allocated a further Hr 15.5 billion ($391 million) to purchasing drones for the country's armed forces, enough to buy 300,000, Prime Minister Denys Shmyhal said on April 30.

Drones have been a key tool in Ukraine's defense against Russia's war. President Volodymyr Zelensky has said that surpassing Russia in drone operations is one of the top priorities in 2024.

In a post on Telegram, Shmyhal said the newly-allocated funds were in addition to Hr 43.3 billion ($1.1 billion) already allocated in 2024.

"With the funds allocated today, 300,000 drones will be supplied to our Security and Defense Forces," he said.

Zelensky signed a decree on Feb. 6 creating a separate branch of Ukraine's Armed Forces dedicated to drones

It will reportedly focus on creating special drone-specific units, increasing production, ramping up training, and pushing innovations.

Link to article

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