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Canadian defence firm Dominion Dynamics targets public listing within five years

Dominion Dynamics CEO Eliot Pence targets a public listing within three to five years to compete with major US defence contractors.

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Dominion Dynamics CEO Eliot Pence announced a plan to list the Canadian defence tech company on public markets within three to five years during a National Angel Capital Organization briefing. Pence stated that Canadians must feel invested in the company's success to drive this growth, aiming to compete with major US contractors like Lockheed Martin. The firm, which launched in June 2025, recently secured a $139-million Series A round and has contracts for autonomous aircraft and Ukrainian ground vehicles.

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Canadian defence firm Dominion Dynamics targets public listing within five years

Dominion Dynamics, a Canadian defence technology company, has set a strategic goal to become a publicly listed entity within the next three to five years. CEO Eliot Pence emphasized the necessity for Canadians to embrace the concept of a large domestic defence manufacturer to compete with established international players such as Lockheed Martin. The company currently operates in the defence tech sector and seeks to expand its market presence through an initial public offering. This move aligns with broader efforts to strengthen Canada's independent defence industrial base.

BetakitWikipedia: Dominion

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