Defence Technology

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.