Distributed on behalf of ZenaTech.
Drone stocks, like ZenaTech (NASDAQ: ZENA), AeroVironment (NASDAQ: AVAV), Draganfly (NASDAQ: DPRO) (CSE: DPRO), Red Cat Holdings (NASDAQ: RCAT), and Kratos Defense & Security Solutions (NASDAQ: KTOS) are still flying high.
Not only is that thanks to sky-high demand from the U.S. government and multi-billion-dollar industries, but also because of growing demand in a potential $355.55 billion Drone-as-a-Service (DaaS) market, as noted by Research and Markets.
All of which has been fueling drone-related stocks, like ZenaTech, whose ZenaDrone’s Drone as a Service (DaaS) has been providing businesses and government customers with a flexible and convenient on-demand pay-per-use or subscription access to drone-based services for a variety of surveying, inspections, and automation of old tech or manual process. All while eliminating the need to invest in capital costs, pilots, maintenance, and compliance to benefit from drones.
ZenaTech is Strengthening Its Drone as a Service (DaaS) Business for Government and Aviation Markets by Signing an Offer to Acquire a Second Jacksonville, Fla. Land Survey Firm
Fueling further upside potential, ZenaTech just announced it signed an offer to acquire a long-standing Jacksonville, Florida-based land surveying and inspection firm with established municipal government and aviation clients. When completed, this would mark ZenaTech’s second strategic acquisition in the Jacksonville area enabling penetration of the fast-growing Florida government and aviation customer markets, while extending potential reach to the broader Southeast US for its Drone as a Service solutions.
As noted by Shaun Passley, Ph.D., CEO of ZenaTech:
“Jacksonville represents one of the nation’s most underserved markets for advanced drone-based surveying and infrastructure inspection services— spanning more than 874 square miles, it the largest US city by land area of the lower 48 states.”
“Combined with the region’s rapidly expanding public-works initiatives, we see significant opportunity to deploy our Drone as a Service model across a wide spectrum of applications — from utilities to infrastructure to transportation. The Florida aviation market is experiencing substantial growth and investments for airport expansion and upgrading is driving demand for drone-based surveying and inspection services that we are ready to provide.”
The target company acquisition delivers land surveying, mapping, and drone-enabled inspection services to municipal, utility, and airport clients, combining traditional field expertise with advanced geospatial technology for critical infrastructure and land development projects.
Along with the recent completed acquisition of Jacksonville-based A&J Land Surveyors, Inc, known for its expertise in aviation, infrastructure and utilities, the Company is well-positioned to capture a strong foothold in the region and beyond.
To date, ZenaTech has completed 11 acquisitions toward its goal of acquiring and establishing 25 Drone as a Service locations by mid-2026.
Other related developments from around the markets include:
AeroVironment, the leading global provider of loitering munition systems, announced the expansion of its combat-proven Switchblade® family of precision loitering munitions with three new systems: the Switchblade 600 Block 2, the Switchblade 400, and the Switchblade 300 Block 20 equipped with a modular explosively formed penetrator (EFP) payload. Together, these systems expand the Switchblade product line across echelons and mission sets–from backpackable, close-in lethal precision effects to long-endurance, multi-domain anti-armor solutions, ensuring warfighters maintain tactical overmatch in the most contested environments. “Warfighters require scalable, reliable, and interoperable effects that can be tailored to the threat and the environment,” said Trace Stevenson, President of Autonomous Systems at AV. “These three new Switchblade variants deliver that flexibility and scalability. Each design builds on proven fielded capability while adding important new capabilities that reduce risk and expand mission sets.”
Draganfly, a leader in advanced unmanned systems and integrated drone solutions, announced its participation at the Association of the U.S. Army (AUSA) Annual Meeting & Exposition from October 13-15, 2025. Draganfly will exhibit in booth (#943) alongside its newest partner, Defense Prime Global Ordnance, where attendees will have the opportunity to experience the Company’s latest drone platforms, sensor systems, and mission-focused technologies firsthand. The AUSA Annual Meeting & Exposition is one of North America’s largest and most influential defense events, bringing together military leaders, government acquisition officials, and global industry partners. The 2025 program will emphasize modernization, multi-domain operations, and transformational partnerships within the U.S. Army’s strategic agenda. By co-locating with Global Ordnance, a respected defense prime and supplier, Draganfly aims to demonstrate how advanced unmanned systems integrate into mission-critical operations. This collaboration underscores Draganfly’s commitment to delivering complete mission-ready solutions, combining unmanned systems, sensors, and analytics with the expertise of trusted defense partners.
Red Cat Holdings, a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, announced the launch of its FANG™ line of NDAA-compliant First Person View (FPV) drones, starting with the 7-inch FANG™ F7. Initially developed through a U.S. military lab program, FANG has progressed from concept to field-ready, providing secure, retrievable FPV systems that meet federal procurement requirements. The FANG line, part of Red Cat’s Arachnid Family of Systems, provides operators with secure, American-made FPV drones that combine performance with significant savings. The FANG™ F7 features a 7-inch carbon fiber frame engineered for durability and stability, paired with a retrievable design that makes it reusable and cost-efficient. This balance of rugged construction and affordability ensures the drone is equally effective as a training tool and as a mission-ready asset.
Kratos Defense & Security Solutions, a Technology Company in the Defense, National Security and Global Markets, announced that Elroy Air, a leading developer of autonomous aerial cargo systems for middle-mile logistics and military resupply, has selected Kratos as Elroy Air’s exclusive U.S. manufacturing partner for the Chaparral in a new five-year strategic manufacturing agreement to accelerate expected high-volume production of the Chaparral hybrid-electric autonomous vertical takeoff-and-landing (VTOL) cargo drone. “Kratos is an established and trusted producer of military UAS and is unique in their manufacturing focus on affordability. Kratos has produced and delivered thousands of uncrewed aircraft, with a well-established and reliable supply chain for these systems. Their expanded production capabilities make them the ideal partner to bring Chaparral to market at scale,” said Elroy Air CEO Andrew Clare. “This partnership accelerates our ability to deliver Chaparral systems to the many customers waiting for them, across both defense and commercial markets.”
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