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DroneShield Limited ( (AU:DRO) ) has shared an announcement.
DroneShield has been selected as a Category 2 counter-small unmanned aerial systems solutions provider on the Australian Department of Defence’s Project LAND 156 Line of Effort 3 Standing Offer Panel, enabling Defence to procure its counter-drone hardware, software, command-and-control systems and associated support on a capability-as-a-service basis. While panel selection does not guarantee contracts, it creates a streamlined pathway for DroneShield to compete for work across roughly 150 Defence bases and other government sites at a time when Australia has earmarked $1.3 billion over 10 years for counter-drone capabilities, positioning the company to benefit materially from rising domestic demand for small-drone defence as procurement and deployment timelines are accelerated.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$4.00 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 an Australian defence technology company that provides artificial intelligence-based platforms to protect against advanced threats such as drones and autonomous systems. Its modular counter-drone solutions are designed for terrestrial, maritime and airborne deployment, serving military, intelligence agencies, government bodies, law enforcement, critical infrastructure operators and airports globally.
Average Trading Volume: 24,252,546
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.52B
For an in-depth examination of DRO stock, go to TipRanks’ Overview page.