DroneShield Secures AU$6.2 Million Asia Pacific Contract
DroneShield Limited (ASX: DRO) has secured an AU$6.2 million contract with an Asia Pacific military end-customer. This standalone contract, awarded by an in-country reseller, involves delivering solutions that integrate third-party hardware with DroneShield's command-and-control platform, DroneSentry-C2. The contract follows a series of 14 previous agreements with this reseller, totaling over AU$48 million in the past two years. Delivery and cash payment are expected in 2026, and no further material conditions need to be met for this agreement to proceed. DroneShield emphasizes that the identity of the counterparty is not deemed significant enough to impact the value of the company's securities. This announcement reflects the company's continued growth in the defense sector, bolstering its position in global markets for advanced threat protection against drones and autonomous systems.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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DroneShield Secures AU$6.2 Million Asia Pacific Contract
DroneShield Limited (ASX: DRO) has secured an AU$6.2 million contract with an Asia Pacific military end-customer. This standalone contract, awarded by an in-country reseller, involves delivering solutions that integrate third-party hardware with DroneShield's command-and-control platform, DroneSentry-C2. The contract follows a series of 14 previous agreements with this reseller, totaling over AU$48 million in the past two years. Delivery and cash payment are expected in 2026, and no further material conditions need to be met for this agreement to proceed. DroneShield emphasizes that the identity of the counterparty is not deemed significant enough to impact the value of the company's securities. This announcement reflects the company's continued growth in the defense sector, bolstering its position in global markets for advanced threat protection against drones and autonomous systems.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au