Draganfly wins Canadian military drone contract for 100 systems, with options for 4,900 more

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) said September 11 that the Government of Canada awarded it a five-year contract to supply Low-Cost Tactical Intelligence, Surveillance and Reconnaissance (ISR) Uncrewed Aircraft Systems (UAS) to the Canadian Armed Forces. For DPRO readers, the award brings a firm order for 100 systems and a route to further Canadian defence procurement, with the scale of any expansion left to Canada’s discretion.

What Canada has ordered

The initial commitment includes associated ground control stations, payloads, data links, support equipment, documentation, spare parts and training. Canada can order up to another 4,900 systems during the agreement, taking the total to 5,000 if every available option is exercised.

Those additional systems have an aggregate option value of approximately C$24.25 million if exercised in full. That figure is contingent option value, not booked revenue. Draganfly described contracted system pricing as commercially sensitive and did not disclose the firm order’s unit price or dollar value.

The firm commitment covers 100 Low-Cost Tactical ISR UAS systems and the equipment and support needed alongside them. The contract includes initial cadre training for CAF personnel, while Canada also holds options for additional training. Draganfly will support system delivery, training, sustainment, spare parts, documentation, and software and firmware support.

How the option structure works

Canada retains the sole discretion to order the additional 4,900 systems. Exercising those options requires the appropriate written contract authorization or amendment. The five-year agreement therefore establishes room for a much larger supply program, but the firm system commitment remains 100; neither the full 5,000-system total nor the approximately C$24.25 million option aggregate is guaranteed.

How it fits Defence Drone Initiative

Draganfly said it was recently accepted as a qualified supplier in all five categories of Canada’s Defence Drone Initiative Marketplace. This contract is a subsequent government procurement under that initiative, moving beyond supplier qualification to an order for CAF systems.

The release describes the initiative as a way to accelerate access to Canadian-developed uncrewed and autonomous capabilities while strengthening the domestic defence industrial base. Low-cost tactical ISR drones are among its initial priority areas.

What remains undisclosed

The disclosed option aggregate does not establish a price for the initial 100 systems. With firm unit pricing commercially sensitive and undisclosed, the announcement does not provide a dollar value for that commitment. The financial scale beyond the initial order will also depend on whether Canada authorizes additional purchases.

Filing path

Draganfly furnished the September 11 announcement as Exhibit 99.1 to its Form 6-K filed the same day, accession 0001493152-26-042365. The filing’s exhibit index identifies the release by date, and the Form 6-K was signed by Paul Sun as authorized on September 11, 2026.