Draganfly completes acquisition of Skip Dynamix for US$7.5 million
Draganfly Inc. completed the acquisition of Skip Dynamix Corporation for up to US$7,525,000, comprising cash, shares, and earn-out considerations. The deal adds the Orca fixed-wing drone platform to Draganfly's defense portfolio, enhancing its capabilities in long-range, hand-launchable systems. The integration aims to drive revenue synergies and strengthen Draganfly's position in U.S. Department of War and NATO-aligned programs.
*this image is generated using AI for illustrative purposes only.
Draganfly Inc. has completed its acquisition of Skip Dynamix Corporation for an aggregate purchase price of up to US$7,525,000, strengthening its defense portfolio with ultra-low cost, mass-producible fixed-wing drone capabilities. The transaction, initially announced on May 18, 2026, integrates Skip Dynamix's Orca platform into Draganfly's manufacturing, autonomy, AI, and military systems capabilities. This move positions Draganfly to meet growing global demand for affordable, scalable autonomous systems and expands its presence in defense, national security, and international markets.
The acquisition consideration was structured into three components. A cash payment of US$2,525,000 was paid at closing. Additionally, US$2,500,000 was issued in Draganfly common shares at a deemed price of US$6.46 per share, subject to the founders remaining actively engaged with the company for at least one year. The remaining US$2,500,000 is designated as earn-out consideration, payable in cash or up to 80% in Draganfly shares at the company's discretion, contingent upon the achievement of specific business milestones.
Transaction Details
| Component | Amount | Terms |
|---|---|---|
| Cash Payment | US$2,525,000 | Paid at closing |
| Share Issuance | US$2,500,000 | US$6.46 per share; subject to founder retention |
| Earn-out | US$2,500,000 | Cash or shares; milestone-based |
Strategic Integration
The addition of the Orca fixed-wing platform complements Draganfly's existing multi-rotor portfolio, including the Flex FPV, Apex, Commander 3XL, and Heavy Lift systems. This integration addresses a critical capability gap by adding long-range, hand-launchable fixed-wing technology. Draganfly intends to incorporate Skip Dynamix's technologies into its broader defense ecosystem, focusing on AI-enabled autonomy, sensor integration, and next-generation mission systems.
Market Positioning
The transaction enhances Draganfly's alignment with U.S. Department of War programs, NATO modernization initiatives, and Indo-Pacific security programs. Management anticipates significant revenue synergies, projecting incremental revenue growth beyond Skip Dynamix's standalone forecasts. Key talent from Skip Dynamix, including founders Jonathan Baron and Andrew Chapman, will continue with the combined business under employment agreements, bringing specialized expertise in fixed-wing sUAS technology.
What specific business milestones must be achieved to trigger the US$2.5 million earn-out consideration?
How will the integration of the Orca platform impact Draganfly's production timelines and manufacturing costs over the next fiscal year?
What are the anticipated revenue synergies, and when does management expect these to materialize in financial reports?
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