What Happened
Canadian Defence Company Sees Revenue Growth In Government Programs
DEFSEC Technologies Inc. has announced strong second-quarter results, with revenue from government programs increasing by 81% compared to the same period in Fiscal 2025. The company’s total revenue was up 68%, with a gross margin percentage increase of 19%. DEFSEC has also achieved significant milestones in its product roadmap, including the commercial launch of its ARWEN 40mm baton ammunition and the first shipment of its PARA SHOT system to a public safety customer. This news was first reported by Financial Times.