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TAMPA, FL - Draganfly Inc. (NASDAQ: DPRO), a prominent developer of drone solutions and systems with a market capitalization of $23 million, has been chosen by the Cochise County Sheriff’s Department to enhance border surveillance efforts. The company, which maintains a stronger cash position than debt on its balance sheet according to InvestingPro data, secured this collaboration in line with an executive order aimed at reinforcing American leadership in unmanned aerial systems for security purposes.
The department, known for its advanced use of technology in law enforcement, will utilize Draganfly drones to increase its operational capabilities along the southern border. These drones, recognized for their adaptability and multi-mission potential, will support extended surveillance, rapid-response missions, and nighttime operations. The contract comes as Draganfly shows promising growth potential, with analysts forecasting a 63% increase in revenue for fiscal year 2025.
Captain Tim Williams of the Cochise County Sheriff’s Department expressed the department’s commitment to using the best available tools for border enforcement. He highlighted that Draganfly’s systems would improve their capacity to protect communities and respond swiftly to threats.
Draganfly CEO Cameron Chell expressed honor at the partnership, noting the department’s innovative and community-focused approach. This initiative is expected to serve as a national model for technology-enhanced border enforcement.
The press release emphasizes the compatibility of Draganfly’s drones with various existing hardware and software, including the Team Awareness Kit (TAK) network, facilitating seamless integration with the department’s current capabilities.
Draganfly Inc. is recognized for its contributions over 25 years to various markets, including public safety and agriculture. The company strives to offer efficient solutions that save time, money, and lives.
The information in this article is based on a press release statement, and it should be noted that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected.
The initiative by the Cochise County Sheriff’s Department, leveraging Draganfly’s technology, reflects a strategic move to advance border security operations and showcases a growing trend of integrating drones into law enforcement activities. The company’s stock has shown significant momentum, recording a 77% return over the past week, though InvestingPro analysis indicates the stock is currently trading above its Fair Value. For deeper insights into Draganfly’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers, along with 14 additional ProTips and extensive financial metrics.
In other recent news, Draganfly Inc. reported a 16.4% increase in revenue for Q1 2025, reaching $1.55 million compared to the previous year. Despite this growth, the company faced a comprehensive loss of $3.4 million, highlighting ongoing financial challenges. Draganfly has announced the delivery of its Flex FPV drones to a major U.S. military contractor, marking a significant step in its defense sector engagement. The company remains optimistic about future growth, with new product launches and strategic partnerships aimed at increasing market share. Notably, Draganfly has been selected by SafeLane for aerial surveys in demining operations, showcasing its expanding role in public safety. Analysts have not provided specific upgrades or downgrades, but the company has set ambitious revenue targets of $35–40 million to achieve profitability. Draganfly continues to focus on its strategic initiatives, including a new facility in Tampa for sub-assembly production, which supports its military and public safety orders. The company’s efforts to secure large contracts and expand its market presence are ongoing, with a sales funnel reportedly exceeding $100 million.
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