Aerospace Shares Pop On Strategic Partnership

A small Aerospace company announced an exclusive strategic partnership with Woz ED, Steve Wozniak’s K-12 education program. The partnership states that Draganfly Inc. (CSE:DFLY) will be the exclusive supplier of drones to Woz ED’s drone program across its national K-12 curriculum with the expected deployment of approximately 3,000 drones in 2021.

Draganfly Inc. is a Canada-based company. It is engaged in the provision of engineering services and the manufacture of commercial unmanned vehicle systems and software. The company operates in Canada, the United States, and internationally. It generates revenue through Product sales and Consulting. Product sales revenue consists of internally assembled multi-rotor helicopters, industrial aerial video systems, civilian small unmanned aerial systems or vehicles, and wireless video systems. Consulting service includes custom engineering and training and simulation consulting.

Traders were optimistic about the news as shares popped up to a session high of $3.82/share (+39.4%) following the news. This move is a strong continuation of the success the stock has had over the last few months.