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DroneShield Limited ( (AU:DRO) ) has issued an update.
DroneShield Limited has announced a $13 million investment to expand its R&D and manufacturing capacity, including a new 3,000sqm production facility in Sydney and an additional 2,500sqm of R&D space at its headquarters. This expansion is part of a broader strategy to increase its annual manufacturing capacity to $2.4 billion by the end of 2026, driven by growing global demand and significant contracts in Europe and Latin America. The company aims to establish a European Centre of Excellence to support defense programs and respond to increased military spending in the EU.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
More about DroneShield Limited
DroneShield Limited (ASX:DRO) specializes in providing Artificial Intelligence-based platforms for protection against advanced threats such as drones and autonomous systems. The company offers bespoke counter-drone and electronic warfare solutions, catering to military, intelligence, government, law enforcement, critical infrastructure, and airports.
YTD Price Performance: 262.09%
Average Trading Volume: 14,295,290
Technical Sentiment Signal: Buy
Current Market Cap: A$2.42B
For an in-depth examination of DRO stock, go to TipRanks’ Overview page.