DroneShield awarded $4.7 million contract

DroneShield Ltd (ASX: $DRO) has announced the receipt of a $4.7 million order from a new non-government Swiss international customer for multiple vehicle-based counterdrone-drone (C-UxS) systems. The contract is expected to bring further material orders from this customer, with payments anticipated throughout 2024 and the final payment expected in Q12025. The solution will provide a new level of operational flexibility, incorporating DroneShield's radio frequency detection and mitigation, radar, and electro-optical sensors into a single vehicle-based platform, powered by the DroneSentry-C2 command-and-control system.

DroneShield CEO, Oleg Vornik, comments on the contract

This order highlights DroneShield's expertise not only as a maker of cutting-edge AI-based C-UAS sensor and effector technologies but also as a system integrator for demanding applications involving multiple sensor and effector modalities operating in tough conditions. We are excited to have this new customer onboard and look forward to doing more work with them over the coming years.

Summary of DroneShield's $4.7 million contract announcement

DroneShield (ASX: $DRO) has secured a $4.7 million contract from a new non-government Swiss international customer for multiple vehicle-based counterdrone-drone (C-UxS) systems. The contract is expected to bring further material orders, with payments anticipated throughout 2024 and the final payment expected in Q12025. The solution will offer a new level of operational flexibility, incorporating DroneShield's advanced technologies into a single vehicle-based platform. CEO Oleg Vornik expressed excitement about the new customer and the potential for future collaboration.