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Tampa, FL, March 26, 2026 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A), a leader in drone technology and unmanned aerial vehicle (UAV) solutions, provided a corporate update this week. The update highlighted continued operational progress, strong industry tailwinds, and a well-capitalized balance sheet.
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“Draganfly is operating at the center of a global shift toward autonomous systems in defense and public safety,” said Cameron Chell, CEO of Draganfly. “While recent market volatility has impacted our share price, we believe it does not reflect the strength of our balance sheet, our growing defense engagements, or the scale of the opportunity ahead.”
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Financial Strength
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Draganfly’s current cash of approximately $145 million, positions the Company with significant financial flexibility to execute on growth initiatives. At current trading levels, the Company’s market valuation remains modestly above its cash position.
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Global Defense and Tier-One Momentum
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Draganfly continues to expand its footprint within the Global Defense ecosystem, including:
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- Selection to supply Flex FPV systems and training to the U.S. Air Force Special Operations Command
- Selection as one of 25 participants in the Secretary of War’s Drone Dominance Program Phase 1 Gauntlet, successfully obtaining a perfect score in the “Urban Strike” mission
- Continued deployment of the Commander 3XL platform within U.S. and allied forces, including extreme temperature environments in both Arctic and Desert conditions
- Invitation and participation in the Canadian Army’s MINERVA Uncrewed Aircraft Systems working group, an initiative focused on accelerating the integration of drone and autonomous technologies into future Canadian Armed Forces operations
- Exclusive Demonstration of advanced capabilities in line with MINERVA program objectives for Canadian Armed Forces (CAF) personnel at Area X.O. in Ottawa
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These developments reinforce Draganfly’s position as a trusted, North American provider of compliant unmanned systems.
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Favorable Industry Dynamics
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Global demand for drone and autonomous systems continues to accelerate, driven by:
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- Rapid adoption of FPV and ISR technologies in modern conflict
- Increased U.S. and allied defense spending on autonomous capabilities
- Heightened security demand in regions including the Middle East
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Draganfly believes these trends represent a sustained structural shift supporting long-term growth.
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2026 Priorities
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The Company remains focused on:
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- Scaling production and delivery capabilities
- Developing the domestic supply chain, leveraging key industry relationships and decades of UAS development experience to design and manufacture NDAA compliant components
- Expanding government and Tier-one contractor relationships, including channel sales & integration partners
- Continue evolving internal product, including system and software development
- Advancing select strategic acquisitions
- Maintaining disciplined capital deployment
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