Join our daily newsletter At The Bell to receive exclusive market insights
- DroneShield Limited (ASX:DRO) announces the receipt of a repeat order totalling $4.3 million from a distinguished U.S. Government client for its handheld C-UAS systems
- Delivery of this order within the next 15 days, leveraging existing inventory
- DRO last traded at 71c, at 10:30am AEDT
DroneShield Limited (ASX:DRO) has announced the receipt of a repeat order totalling $4.3 million from a distinguished U.S. Government client for its handheld C-UAS systems.
Specialising in Artificial Intelligence-driven platforms for countering advanced threats like drones and autonomous systems, DroneShield’s C-UAS and other electronic warfare systems are suitable for various terrestrial, maritime, and airborne applications.
“Widespread global conflict continues to provide clear evidence of the rapid evolution of unmanned systems,” DroneShield Director of Business Development Tom Branstetter said.
“This U.S. government end-user demands cutting-edge capabilities to maintain its decisive advantage. This initial order underscores our team’s unwavering commitment to tackling complex challenges and underscores our pivotal role in the counter-unmanned systems arena.”
“DroneShield products have undergone extensive evaluations by numerous U.S. Government agencies in recent years, and we’re honoured by the customer relationship we’ve cultivated. We’re pleased to begin witnessing the results of these efforts.” DroneShield US CEO Matt McCrann added.
DroneShield has a longstanding partnership with this particular customer, with several smaller prior orders.
The current contract marks the first significant contract secured from this client, with prospects of further substantial orders in the near future.
The delivery of this order is expected within the next 15 days, leveraging existing inventory.
DRO last traded at 71c, at 10:30am AEDT.
