Draganfly showcases drone capabilities at DoD technology exercise

CAMP ATTERBURY, Indiana - Draganfly Inc. (NASDAQ:DPRO), a $96 million market cap drone manufacturer with 17% year-over-year revenue growth, demonstrated its Commander 3XL and Flex FPV drone systems during the U.S. Department of Defense Technology Readiness (T-REX) 24-2 exercise held August 19-28 at Camp Atterbury, Indiana.

The drone manufacturer was one of four companies invited to conduct live demonstrations of First Person View (FPV) capabilities during the multi-domain defense exercise, which was organized by the Office of the Under Secretary of Defense for Research and Engineering in collaboration with the Indiana National Guard. According to InvestingPro data, the company maintains a strong financial position with a healthy 5.29 current ratio and more cash than debt on its balance sheet.

During the demonstrations, Draganfly’s Commander 3XL unmanned aerial system deployed multiple third-party products using its universal tactical multidrop payload system. The company’s Flex FPV Recon Drone demonstrated aerial intelligence capabilities in GPS-denied environments and provided live support for target acquisition in simulated operations.

"T-REX 24-2 was an important validation of our UAV systems under operational stress," said Cameron Chell, CEO of Draganfly, according to the company’s press release.

The exercise served as a platform for companies to showcase technologies addressing urgent warfighter needs in a realistic operational environment.

Draganfly identified itself as one of few Category One and Category Two domestic drone manufacturers with interoperable, modular systems capable of adapting to various mission requirements. The company stated its platforms are being deployed with NATO-aligned defense partners.

Previous Draganfly defense projects have included tactical logistics payload systems for defense contractors, landmine detection drones, and medical delivery drones for emergency response in conflict zones. With a beta of 2.54 indicating higher market volatility, analysts maintain a consensus buy rating with price targets ranging from $5.98 to $6.98. For deeper insights into Draganfly’s growth potential and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro, along with 12 additional exclusive ProTips.

In other recent news, Draganfly Inc. reported a substantial increase in revenue for the second quarter of 2025, with a 37% rise from the previous quarter and a 22% increase year-over-year. The company also noted an improved cash position, reaching $68 million following recent financing efforts, while reporting a comprehensive loss of $4.7 million, an improvement from the $7.1 million loss in the same quarter last year. Additionally, Draganfly is poised to support Canada’s newly announced military aid package to Ukraine, which includes over $220 million allocated for drone and counter-drone capabilities. This allocation is part of a larger $2 billion military aid package announced by Prime Minister Mark Carney during his visit to Kyiv. Despite these developments, the company’s stock saw a slight decline in aftermarket trading. The earnings call highlighted these financial results and strategic positioning, providing investors with insights into Draganfly’s current financial health and future opportunities.

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