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Draganfly CEO Urges Ottawa to Modernize Defence Procurement for Drone Era

Tipranks - Tipranks - Wed Apr 15, 1:10PM CDT

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Draganfly ( (TSE:DPRO) ) has provided an update.

Draganfly CEO Cameron Chell has urged Canadian lawmakers to treat domestic technology firms as strategic defence assets, arguing that Canada must modernize procurement to better harness its homegrown innovation in drones and autonomous systems. Drawing on Draganfly’s experience in U.S. defence markets, he told the Senate committee that aligning policy, procurement, and industry is vital to scale pilot projects into deployable capabilities and maintain relevance in modern conflict.

Chell outlined priorities for Canada’s Defence Industrial Strategy, including faster pathways from testing to purchase orders and building integrated ecosystems that link industry, operators, and supply chains. The intervention underscores Draganfly’s push to deepen its role in defence and public safety markets, positioning the company to benefit if Ottawa adopts procurement reforms that accelerate adoption of Canadian-made drone technologies.

The most recent analyst rating on (TSE:DPRO) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Draganfly stock, see the TSE:DPRO Stock Forecast page.

Spark’s Take on DPRO Stock

According to Spark, TipRanks’ AI Analyst, DPRO is a Neutral.

The score is weighed down primarily by weak financial performance (large losses, margin pressure, and negative free cash flow) and bearish technicals (below major moving averages with negative MACD). Offsetting these factors, the latest earnings call points to improving growth momentum and substantial cash runway to fund a planned revenue ramp, but profitability remains the key risk.

To see Spark’s full report on DPRO stock, click here.

More about Draganfly

Draganfly Inc. is a long-established developer of cutting-edge drone solutions and software serving public safety, civil, military, agriculture, industrial inspection, security, mapping, and surveying markets. With more than 25 years of experience, the company focuses on delivering scalable, award-winning unmanned systems and services to government and commercial clients across North America and globally.

Average Trading Volume: 78,773

Technical Sentiment Signal: Hold

Current Market Cap: C$276.6M

Find detailed analytics on DPRO stock on TipRanks’ Stock Analysis page.

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