BUZZ-Australia's Droneshield rises on receiving government contract

Reuters

2024/10/08

** Shares of Droneshield rise as much as 8.7% to A$1.445, set to gain most since Sept 2 — if current gains hold

** Defence software co receives repeat order of A$13.5 million ($9.12 million) from U.S. government customer

** Says order is for number of co's dismounted Counter-UxS (C-UxS) systems — counterdrone systems

** Stock is up 277% YTD as of 0010 GMT

($1 = 1.4804 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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