Volatus Aerospace, a prominent player in integrated drone solutions, has secured a significant three-year contract, potentially worth up to $60 million, with a leading U.S. Power Utility to inspect Transmission and Distribution (T&D) towers. This contract marks a substantial expansion in the company's T&D inspection operations within the United States.
Starting from January 2024, Volatus is set to extend its services to the West Coast, with expectations to inspect more than 25,000 structures across North America. Rob Walker, COO of Volatus Aerospace, highlighted the company's rapid scaling abilities and the ensuing value delivered to clients. In 2023 alone, the company is slated to inspect over 10,000 T&D structures.
Glen Lynch, CEO of Volatus Aerospace, emphasized the timing of the contract execution as a pivotal aspect, allowing the company to generate significant revenue in the first quarter of 2024—a period traditionally slower for drone services—thanks to the milder winter weather in the regions of operation.
This latest contract elevates the electric utility sector to the forefront of Volatus's operations, positioning it alongside the oil and gas industry as one of the company's primary markets. With impending regulations that will standardize beyond visual line of sight (BVLOS) and autonomous drone operations, Volatus's expertise in regulatory authorizations, combined with its proven track record in aerial intelligence and extensive inspections, is expected to fortify its strategic market position.
Volatus Aerospace operates across North America and is extending its reach into Latin America and other global markets. The company serves a wide array of sectors including civil, public safety, and defense, offering a suite of services such as imaging and inspection, security, equipment sales, and support. Additionally, through its subsidiary, Volatus Aviation, it pioneers environmentally conscious and innovative drone applications for extensive inspections traditionally conducted by conventional aircraft and helicopters.
With a commitment to carbon neutrality and fostering a workplace centered on safety, equality, and inclusion, Volatus Aerospace continues to shape its governance and operational ethos to align with contemporary corporate responsibility standards.