DroneShield secures repeat $3.1 million us government contract

DroneShield Ltd (ASX:DRO) has secured a repeat order of $3.1 million from a U.S. Government customer for its counterdrone (C-UxS) systems. The delivery is expected to be completed this month using available stock on hand, with payment in the December quarter.

Executive Commentary

We are pleased to announce the repeat order of $3.1 million from a U.S. Government customer for our C-UxS systems. This order signifies the confidence and trust in our technology and its effectiveness in addressing the evolving threat landscape. We anticipate further material orders from this customer, reflecting the growing demand for our solutions. This contract reaffirms our position as a leading provider of AI-based platforms for protection against advanced threats such as drones and autonomous systems.

Summary

DroneShield Ltd (ASX:DRO) has secured a repeat order of $3.1 million from a U.S. Government customer for its counterdrone (C-UxS) systems, with further material orders anticipated. The delivery is expected to be completed this month using available stock on hand, with payment in the December quarter. This contract reaffirms the company's position as a leading provider of AI-based platforms for protection against advanced threats such as drones and autonomous systems. The anticipated further material orders from this customer indicate the growing demand for DroneShield's solutions, reflecting the confidence and trust in the company's technology and its effectiveness in addressing the evolving threat landscape.