Draganfly Stock Is Moving Higher Wednesday: What's Going On?

Draganfly Inc. (NASDAQ:DPRO) shares are trading higher Wednesday after the company announced its Cammander3 XL UAV has been selected by the Department of Defense for advanced operation initiatives.

What To Know: The Commander3 XL platform, also known as the “Swiss Army Knife” of drones, is being deployed in support of next-generation initiatives focused on reconnaissance and operational capabilities.

Draganfly is supplying the Commander3 XL through a prime contractor and has worked directly with military stakeholders to customize the drone for mission-specific needs. The platform will support intelligence, surveillance and reconnaissance (ISR) operations that require adaptable capabilities.

“We’re honored to support the DoD’s commitment to autonomous and semi-autonomous multi-mission systems that enhance operational effectiveness,” said Cameron Chell, CEO of Draganfly.

Draganfly highlights the drone's robust flight performance and modular payload options as key to its frontline applications.

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DPRO Price Action: At the time of writing, Draganfly stock is trading 32.1% higher at $4.77, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.