DroneShield Limited (ASX:DRO) Announces $32.2 Million Asia Pacific Contracts
Contract Details
DroneShield Limited has secured five standalone contracts totaling $32.2 million from an Asia Pacific military customer through an in-country reseller. The company expects to deliver all equipment and receive payment throughout Q2 and Q3 2025.
Executive Comments
Oleg Vornik, DroneShield CEO, commented, “In close succession to the earlier order announced on 29 January 2025 from this sophisticated customer and a close military ally of Australia in the Asia Pacific region, DroneShield products are again meeting the challenge set by them. The scale and frequency of orders has been increasing as leading counterdrone customers are moving from testing hardware to broader roll-outs. DroneShield is rapidly expanding all aspects of the business to meet this demand across multiple regions.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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