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DroneShield Limited ( (AU:DRO) ) has provided an announcement.
DroneShield Limited announced that it was not selected as the Systems Integration Partner for the Australian Department of Defence’s LAND 156 project, a contract awarded to Leidos Australia. Despite this, DroneShield has previously secured contracts under the initial phase of the program and remains optimistic about future opportunities within the $1.3 billion project. The company continues to experience strong demand for its counterdrone technology, evidenced by record revenues and profits, and a significant sale to a European customer. DroneShield’s technology is actively used by Ukrainian forces and over 30 militaries and law enforcement agencies globally, highlighting its effectiveness in high-threat environments.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.70 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) is a company specializing in 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 military, intelligence, government, law enforcement, critical infrastructure, and airports.
Average Trading Volume: 19,166,521
Technical Sentiment Signal: Buy
Current Market Cap: A$3.12B
Learn more about DRO stock on TipRanks’ Stock Analysis page.