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DroneShield Limited ( (AU:DRO) ) just unveiled an announcement.
DroneShield Limited has secured a follow-on two-year research and development contract valued at $11.7 million from a Five Eyes Department of Defence, marking the fourth such award from this customer. This contract underscores DroneShield’s strong performance and solidifies its position as a key provider of counter-drone and electronic warfare solutions, enhancing its reputation within the defense and intelligence sectors.
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 globally.
Average Trading Volume: 13,515,694
Technical Sentiment Signal: Buy
Current Market Cap: A$2.06B
Find detailed analytics on DRO stock on TipRanks’ Stock Analysis page.