Volatus Aerospace Corp. Expands Oil & Gas Surveillance Operations in the U.S.

Volatus Aerospace Corp. (TSXV: VOL, OTCQB: VLTTF) has announced that its subsidiary, Synergy Aviation, signed a master services agreement with a major U.S. oil and gas company. Effective from May 7, 2024, the agreement covers bi-weekly aerial surveillance of pipeline rights of way, spanning from the northern states to Texas.

The trial phase concluded this month, and active inspections are set to commence on August 1st. The deal is projected to generate between $400K to $500K USD annually, with expected margins comparable to similar contracts.

"With over a decade of experience in Canada, our expansion into the U.S. market confirms our capability to scale operations and deliver essential data to our clients," stated Glen Lynch, CEO of Volatus Aerospace.

This announcement reinforces Volatus' growing presence in the U.S. market, following a similar declaration in September 2023.