DroneShield shares jump on sales milestone

DroneShield surges past 4,000 systems sold with new US DoD orders

ASX-listed counter-drone company DroneShield has announced two new contracts worth A$7.9 million with the US Department of Defense, pushing its global deployment past 4,000 systems.The orders, covering handheld drone-detection devices including Australian-made RfPatrols, are due for delivery in the December quarter and will be fulfilled within 30 days from existing stock. The ability to ship at speed is proving decisive for customers with urgent…

DroneShield wins US defence contracts as global sales top 4,000 units

DroneShield secured AUD $7.9m US defence contracts for handheld drone-detection, surpassing 4,000 systems sold globally amid record revenue growth.

ASX Falls, DroneShield Gains on US Contracts

Australian shares experienced a decline near midday AEST, while DroneShield saw a surge following the announcement of new US defence contracts. Retail stocks faced downward pressure despite data from UBS indicating strong consumer sentiment. BHP has cut 750 jobs at its Queensland coal operations, and mothballed a mine, after earlier warnings that high royalty rates in the state could force such a move. GQG Partners has expressed concerns about a…

DroneShield shares jump on sales milestone

DroneShield Ltd (ASX: DRO) shares were trading more than 3% higher on Tuesday after the company said it had now sold more than 4000 systems worldwide. The anti-drone technology company said in a statement to the ASX that it had passed the milestone following the receipt of two contracts worth $7.9 million for delivery to the US Department of Defense. DroneShield has previously received standalone orders from this customer. These repeat orders s…