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DroneShield Limited ( (AU:DRO) ) just unveiled an announcement.
DroneShield Limited has been awarded a significant contract under Project LAND156 to supply handheld counter-drone equipment to the Australian Defence Force, receiving approximately $5 million of the total $16.9 million in orders. This contract highlights DroneShield’s role in meeting the growing demand for portable counter-drone capabilities and positions the company as a key player in developing scalable, interoperable counter-drone architectures for the Australian Defence Force.
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, as well as off-the-shelf products for various platforms, serving military, intelligence, government, law enforcement, critical infrastructure, and airports.
Average Trading Volume: 16,401,236
Technical Sentiment Signal: Buy
Current Market Cap: A$3.24B
For an in-depth examination of DRO stock, go to TipRanks’ Overview page.