Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce that it has entered into a definitive asset purchase agreement (the “Agreement”) with Skip Dynamix, Corporation (“Skip Dynamix”), a developer of ultra-low-cost, mass-producible fixed-wing unmanned aerial systems designed for long-range intelligence, surveillance and reconnaissance (“ISR”), electronic warfare support, logistics, and one-way missions. pursuant to which Draganfly has agreed to acquire substantially all of the assets of Skip Dynamix’s drone technology business (the “Transaction”).
The Transaction deepens Draganfly’s defense platform portfolio and further strategically positions the Company within one of the fastest-growing segments of the global defense technology market: low-cost autonomous aerial systems capable of scalable deployment in contested environments.
The Transaction will combine Draganfly’s proven manufacturing, autonomy, AI, command-and-control, and military systems integration capabilities with Skip Dynamix’s innovative fixed-wing platform architecture optimized for affordability, rapid production, modular payload integration, and long-range operational deployment.
“Modern conflicts have fundamentally reshaped military procurement priorities,” said Cameron Chell, Chief Executive Officer of Draganfly. “The battlefield lessons emerging from Ukraine, the Middle East, and evolving Indo-Pacific security planning are clear: survivable mass, low-cost autonomy, long-range ISR, and systems are becoming core operational requirements for allied defense forces.”
“Skip Dynamix gives Draganfly a highly scalable platform capable of addressing this rapidly expanding global demand while complementing our existing ISR, logistics and tactical drone, defense technologies.”
Positioned for the New Era of Attributable Autonomous Systems
The Transaction coincides with accelerating global defense investment into low-cost autonomous aerial systems designed for persistent ISR, swarm deployment, electronic warfare resilience, and one-way operations. The Department of War has publicly identified low-cost autonomous systems as a strategic priority aimed at rapidly fielding large numbers of expendable autonomous systems for Indo-Pacific and other contested operational theaters.
The Pentagon’s initiatives specifically seek to deploy “thousands” of low-cost autonomous systems to the Indo-Pacific region to counter near-peer threats through distributed and scalable autonomous capabilities.
The Asia-Pacific ISR aircraft and drone market alone is projected to grow to more than US$20.5 billion by 2035 according to industry reports, driven by rising geopolitical tensions, maritime security requirements, and defense modernization programs across the region. At the same time, defense agencies globally are increasingly prioritizing systems that can be manufactured securely, rapidly and deployed at scale at materially lower cost than traditional cruise missiles or large unmanned platforms.
Scalable, Modular, and Mission Adaptable
Skip Dynamix’s systems architecture integrated into the Draganfly platform of drones is designed around rapid manufacturability, operational flexibility, and modular mission payloads, supporting applications including:
- Long-range ISR
- Maritime surveillance
- Border security
- Communications relay
- Electronic warfare support
- Autonomous logistics delivery
- Force protection
- One-way missions
- Swarm and distributed operations
The systems are designed to integrate with commercially scalable manufacturing approaches and open architecture payload systems, enabling rapid adaptation for evolving mission requirements and allied defense procurement programs.
Draganfly expects the Transaction to enhance its ability to support defense customers seeking affordable autonomous systems deployable at scale across contested operational environments.
Expanding Defense and Allied Opportunities
In addition to strengthening Draganfly’s positioning with Department of War programs, the Transaction also strengthens NATO-aligned modernization initiatives, allied defense procurement agencies, and Indo-Pacific security programs increasingly focused on autonomous and asymmetric defense technologies. Draganfly intends to integrate Skip Dynamix’s technologies into its broader defense ecosystem, including AI-enabled autonomy, sensor integration, tactical ISR operations, and next-generation autonomous mission systems.
“The acquisition of Skip Dynamix is an important strategic step for Draganfly as we continue to expand our platform capabilities for defense, government, public safety, and international customers,” said Cameron Chell, CEO of Draganfly. “The Orca fixed-wing platform adds long-range, hand-launchable endurance to our portfolio and addresses a clear capability gap in the market. By bringing Skip Dynamix’s technology and team into Draganfly, we believe we can accelerate commercialization, expand customer opportunities, and strengthen our position as a trusted North American drone solutions provider.”
Transaction Highlights
- Addresses Critical Multi Mission Opportunity Within One Platform. The Transaction of the Orca fixed-wing platform complements Draganfly’s established multi-rotor portfolio, including the Flex FPV, Apex, Commander 3XL, and Heavy Lift systems, by adding a long-range, hand-launchable fixed-wing capability that addresses a critical integrated multi-mission opportunity not being served in the existing market.
- Expanded Market Reach. The Transaction is expected to widen Draganfly’s presence in the defense, national security, government, and international markets, providing access to Skip Dynamix’s existing pipeline of opportunities for the Orca platform.
- Revenue Synergies. Management believes the business combination offers significant revenue synergies, allowing for incremental revenue growth for Draganfly in excess of Skip Dynamix’s standalone forecasts and valuation.
- Retention of Key Talent. Skip Dynamix’s founders, Jonathan Baron and Andrew Chapman, will continue with the combined business under employment agreements, bringing specialized expertise in fixed-wing sUAS technology.
- Key Strategic Goals for 2026. The key strategic goals for the Skip Dynamix acquisition in 2026 will be: (i) to fully exploit the existing pipeline of opportunities; (ii) to advance autonomy-assisted flight operations; and (iii) to establish Draganfly as the leading multi-platform (Fixed-wing and multi-rotor) integrated operations drone platform.
Material Terms of the Agreement
The aggregate purchase price for the Transaction is up to US$7,525,000 (the “Purchase Price”):
- A cash payment of US$2,525,000 (the “Closing Amount”), subject to customary working capital adjustments, will be paid to Skip Dynamix at closing.
- US$2,500,000 satisfiable in common shares of Draganfly (“Draganfly Shares”) pursuant to a special warrant issued at closing (the “Payment Shares”). The Payment Shares will be issued subject to the satisfaction of the Payment Vesting Condition, which requires each founder to be actively engaged by Draganfly until at least the first anniversary of closing.
- up to US$2,500,000 (the “Earn-Out Amount”), payable in a combination of cash and Draganfly Shares as determined by Draganfly, subject to: (i) the business achieving certain milestones.
Completion of the Transaction is subject to a number of closing conditions customary for a transaction of this nature, including required regulatory and exchange approvals and the satisfaction of other customary conditions precedent, and is expected to close in early June 2026.
Additional transaction details will be disclosed in the Company’s applicable regulatory filings.