DroneShield shares charge higher on European expansion plans

DroneShield Expands into Europe to Support Regional Defense Goals

New European manufacturing and sales hub to enhance local production and meet growing demand DroneShield Invests in European Growth Australian counter-drone technology company DroneShield has announced a major expansion into Europe. The company will establish its first overseas manufacturing and assembly facility to support growing demand and align with regional defense initiatives like the ReArm […] The post DroneShield Expands into Europe to S…

DroneShield launches major European expansion to support regional defence efforts

The expansion includes a new European sales hub and a second manufacturing line for select DroneShield hardware, with at least 65 per cent European-based content for certain regional products. Europe already represents one of DroneShield’s largest markets, with over A$500 million in potential opportunities across numerous projects.     DroneShield CEO Oleg Vornik said the expansion was aligned with Europe’s aim to boost military self-reliance in…

DroneShield to open first overseas manufacturing facility

Counter-drone device-maker DroneShield will open a new manufacturing and in-house assembly facility in Europe as part of a significant expansion of its operations. The facility is the Australian defence tech company's first overseas manufacturing line, ensuring more of its European orders can be fulfilled from the continent. Europe already represents the company’s biggest export market, with more than $500 million of its $1.1 billion pipeline of…

DroneShield expands to Europe amid $1.4 trillion ReArm push

Australian counter-drone tech firm DroneShield is setting up shop in Europe as demand for modern warfare defence systems surges. DroneShield’s current manufacturing facility at its Sydney headquarters. Key Takeaways DroneShield (ASX: DRO) will open its first manufacturing and assembly facility outside Australia, as part of a major European expansion. The move aligns with the EU’s €800 billion (A$1.4 trillion) ReArm Europe plan to strengthen reg…

DroneShield shares charge higher on European expansion plans

DroneShield Ltd (ASX: DRO) shares are charging higher on Tuesday morning. At the time of writing, the counter drone technology company's shares are up 5% to $1.62. Why are DroneShield shares rising? Today's gain could have been driven by the release of announcement out of the company highlighting its significant market opportunity outside Australia. According to the release, DroneShield is making a significant investment to expand its operations…

DroneShield to open European factory as exports top AUD $500 million

DroneShield will open its first European factory as exports to the continent surpass AUD $500 million, making Europe its largest market ahead of the US.