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The latest announcement is out from DroneShield Limited ( (AU:DRO) ).
DroneShield Limited has appointed Hamish McLennan as a director effective 1 May 2026, adding a high-profile chairman-elect to its board as the company advances its position in the defence technology and counter-drone market. Under his appointment terms, McLennan will receive a one-off grant of 50,270 DroneShield shares, valued at $200,000 based on a recent volume-weighted average price, to be purchased on-market after the AGM and locked up from trading until at least 1 May 2027, further aligning his interests with long-term shareholder value and signalling board confidence in the company’s strategic trajectory.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$4.80 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 operates in the defence and security technology sector, specialising in counter-drone and electronic warfare solutions designed to detect, track and neutralise hostile unmanned aerial systems. The company primarily targets military, government and critical infrastructure customers seeking protection against emerging drone threats.
Average Trading Volume: 15,678,222
Technical Sentiment Signal: Buy
Current Market Cap: A$3.27B
Find detailed analytics on DRO stock on TipRanks’ Stock Analysis page.