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An announcement from DroneShield Limited ( (AU:DRO) ) is now available.
DroneShield Limited announced the resignation of its U.S. CEO, Matt McCrann, who has been with the company since 2019 and served as U.S. CEO since 2022. The company is focusing on expanding its U.S. operations, which is a crucial market expected to grow in both military and civilian sectors due to the increasing threat posed by drones. This expansion includes setting up a U.S. product assembly operation and appointing a U.S. Advisory Board, highlighting the strategic importance of the U.S. market to DroneShield’s global operations.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$2.50 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 is a company that provides Artificial Intelligence-based platforms for protection against advanced threats such as drones and autonomous systems. It offers bespoke counterdrone and electronic warfare solutions, as well as off-the-shelf products for various platforms, serving customers in the military, intelligence community, government, law enforcement, critical infrastructure, and airports.
Average Trading Volume: 20,174,242
Technical Sentiment Signal: Buy
Current Market Cap: A$2.11B
For an in-depth examination of DRO stock, go to TipRanks’ Overview page.