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DroneShield Limited ( (AU:DRO) ) has provided an announcement.
DroneShield Limited announced the withdrawal of a previous announcement regarding $7.6 million in contracts for handheld systems to the U.S. Government, clarifying that these were not new orders but reissued due to regulatory updates. The error was administrative, and the company is implementing measures to prevent future occurrences, which highlights the importance of accurate contract reporting and its impact on stakeholder trust.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$3.50 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 provides 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, as well as off-the-shelf products for terrestrial, maritime, or airborne platforms. Its customers include military, intelligence community, government, law enforcement, critical infrastructure, and airports.
YTD Price Performance: 320.92%
Average Trading Volume: 17,735,983
Technical Sentiment Signal: Buy
Current Market Cap: A$2.92B
See more insights into DRO stock on TipRanks’ Stock Analysis page.