Dually-Listed Aerospace Stock Finds Premarket Success Following Key Announcement

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Tuesday, March 18, 2025

A Canadian Aerospace company has already been turning heads so far during Tuesday’s premarket after it was announced that the company has completed a demonstration of simulated drone delivery of medical supplies for the aeronautics division of Massachusetts Department of Transportation. 

Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) was one of three companies selected to perform the demonstration which was set to take place within the last calendar year. Traders seemed to like the potential impact that any future deal stemming from this project/demonstration could have on this company seeing that they’re already rushing to buy up shares of the micro cap. At the time of writing, traders were bid $3.02/share (+3.78% implied open for sellers). Should this surge hold, it would be a great continuation of the success this stock has found so far this month.

Draganfly Inc is a Canada based company. It is engaged in the provision of engineering services and the manufacture of commercial unmanned vehicle systems and software. The company operates in Canada, the United States, and Internationally. It generates revenue through Product sales and Consulting. Product sales revenue consists of internally assembled multi-rotor helicopters, industrial aerial video systems, civilian small unmanned aerial systems or vehicles, and wireless video systems. Consulting service includes custom engineering and training and simulation consulting.

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