Volatus Aerospace

Mirabel, Quebec – October 29, 2026 -- Volatus Aerospace Inc. (TSX: FLT) has completed its acquisition of Lithuania-based AISPECO UAB, paying US$3.0 million in cash and issuing 17,434,193 common shares at a deemed price of C$0.5813 per share.

Consideration includes restricted share units and up to US$2.5 million in contingent payments

Volatus will also grant 1,859,804 restricted share units. The share and cash amounts reflect customary working capital adjustments. Additional contingent consideration of up to US$2.5 million is payable in cash or common shares, at Volatus' option, if financial, commercial and product-development milestones are met over three years.

United States – October 29, 2026 -- Section 848 of the FY2020 National Defense Authorization Act restricts the U.S. Department of Defense from operating or procuring certain drones tied to China, Russia, Iran and North Korea, and its reach extends past the aircraft's assembly location to components, software and data services.

Section 848 covers flight controllers, radios, cameras and data storage

A drone assembled in the United States or another approved country is not automatically NDAA compliant. Restricted components, software or data services used elsewhere in the system can disqualify it. Buyers must trace the origin of flight controllers, radios, data-transmission devices, cameras and gimbals. Ground-control systems, operating software, network connectivity and data storage also affect compliance.

MIRABEL – October 29, 2026 -- Volatus Aerospace (TSX: FLT) has won a five-year Government of Canada contract to supply low-cost tactical intelligence, surveillance and reconnaissance (ISR) uncrewed aircraft systems to the Canadian Armed Forces (CAF). The initial order covers 100 systems, with options for up to 4,900 more, for a potential total of 5,000.

Ottawa caps unit price at C$5,000 within a C$25 million envelope

The government's procurement framework set a maximum price of C$5,000 per system and a maximum procurement envelope of C$25 million. Volatus' contracted pricing is commercially confidential. Canada can exercise the 4,900 optional systems at its sole discretion.

Mirabel – October 29, 2026 -- Volatus Aerospace Inc. (TSX: FLT) has delivered the full uncrewed aircraft fleet under the initial C$4.5 million tranche of its ISR training system contract with a NATO partner, and the customer has started exercising the second-tranche option.

NATO customer begins exercising second-tranche option on a contract worth up to C$9 million

The contract was announced on December 15, 2025, and carries a potential aggregate value of up to C$9 million. Volatus has received additional orders under the agreement. The unexercised balance stays available at the customer's option through the end of 2027.

Delivery closes out shipment delayed by supply-chain disruptions

The shipment completes the initial fleet delivery following supply-chain disruptions that Volatus previously disclosed in its quarterly reporting. The source gives no further detail on the length or cause of the delay.

Villeneuve – October 29, 2026 -- Volatus Aerospace has added Maria Romero Abella, an aviation professional with about 10 years of experience, as Rotor Wing Technician and Pilot at its Villeneuve, Alberta, operations. She joined in March 2026.

Romero Abella moves from aviation support roles into helicopter operations

Romero Abella says her decade in aviation spanned several roles before developing into flying and helicopters. She cites the versatility of the helicopter and its wide range of applications as the draw.

At Volatus, she is building her flight experience through operational work rather than hour-building alone. In her words, every flight has a purpose beyond logging hours.

MIRABEL – October 27, 2026 -- Volatus Aerospace Inc. (TSX: FLT) has qualified in all five streams of the Government of Canada's Defence Drone Initiative (DDI) Marketplace, widening the range of defence requirements it can bid on.

Five streams cover systems, services and training

The streams are Uncrewed and Autonomous Systems (UxS) and counter-UxS; communications and data systems; engineering and integration services; testing and training; and innovation and experimentation.

The qualification follows Volatus' September 3, 2026 announcement of its initial selection for the Marketplace. The later confirmation extends eligibility across the full Marketplace scope.

United Kingdom – October 27, 2026 -- Volatus Aerospace secured a strategic partnership in the past 20 months that allowed a major UK client to transition to autonomous aerial inspections, according to U.K. Sales Manager Hash Chishty.

Chishty has led enterprise drone expansion across UK infrastructure for close to two years

Chishty holds bachelor's and master's degrees in Aeronautical & Aerospace Engineering and previously worked as a Boeing 737 Performance Engineer before moving into technical sales. At Volatus, he works with organizations to identify where autonomy and aerial intelligence can address operational challenges.

He describes the partnership as more than a revenue win, saying it improved safety, efficiency and sustainability at scale. The client was not named.

VAUGHAN – October 27, 2026 -- Volatus Aerospace (TSX: FLT) has completed initial flight testing of its V-Cortex AI Flight Controller and Autonomy Operating System, demonstrating navigation without GPS and without external sensors.

The aircraft held flight using only default onboard sensors in GNSS-denied conditions. Volatus names three target environments where GPS signals are unavailable, degraded or deliberately disrupted: contested zones, dense urban areas and remote regions such as Canada's Arctic.

Mirabel, Quebec – October 27, 2026 -- Volatus Aerospace Inc. (TSX: FLT) agreed to acquire 100% of Lithuanian airborne-sensor developer AISPECO Uab for a base consideration of US$10.5 million, with up to US$2.5 million more tied to performance milestones.

Share-heavy deal structure ties up to US$2.5 million to three-year milestones

The base price comprises US$3.0 million in cash and US$7.5 million in Volatus common shares, about 70% of the total, subject to adjustments under the acquisition agreement. The shares will be priced at the 20-day volume-weighted average price on the Toronto Stock Exchange as of October 13, 2026.

The additional US$2.5 million is payable in cash or equity at Volatus' option if AISPECO meets specified financial, commercial and product-development milestones over three years. Closing requires customary conditions, including conditional TSX approval.