DroneShield Limited ( (AU:DRO) ) has provided an update.
DroneShield Limited has secured a significant package of five contracts totaling $32.2 million from a military customer in the Asia Pacific region. These contracts, facilitated through an in-country reseller, involve the delivery of vehicle-mounted and fixed Counter-UxS systems, with completion and payment expected by Q3 2025. This development marks a substantial increase in order volume from this customer, reflecting DroneShield’s expanding role in the counterdrone industry as demand for their solutions grows across multiple regions.
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. They offer bespoke counterdrone and electronic warfare solutions, catering to military, intelligence, government, law enforcement, critical infrastructure, and airports.
YTD Price Performance: 18.67%
Average Trading Volume: 257,427
Technical Sentiment Signal: Sell
Current Market Cap: $488.8M
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