Shares of Draganfly Inc. (DPRO) surged over 25% on Wednesday after the company announced that its Commander3 XL (C3XL) UAV platform has been selected by the United States Department of Defense (DoD) for deployment in advanced operational initiatives.
The stock is currently trading at $4.5887, up $0.9787 or 27.2520%, on the Nasdaq. The stock opened at $4.32, significantly above its previous close of $3.61. The trading volume was over 19.3 million shares, above the average daily volume of around 1.2 million. The rally pushed the stock closer to the upper end of its 52-week range of $1.55 to $6.10.
The company described the Commander3 XL—dubbed the "Swiss Army Knife" of drones—as a highly versatile UAV platform designed for intelligence, surveillance, and reconnaissance (ISR) missions with enhanced operational capabilities. The deal was facilitated through a prime contractor, with Draganfly working closely with military stakeholders to tailor the platform to specific field requirements.
"This selection underscores the growing demand for highly adaptable UAV platforms in modern defense strategies," Draganfly said in its press release.
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