DroneShield Receives AU$11.8 Million Contracts From Asia-Pacific Country

MT Newswires Live

2025/01/29

DroneShield (ASX:DRO) received a set of three separate contracts totaling AU$11.8 million from an in-country reseller for delivery to a military-end customer in an Asian Pacific country, according to a Wednesday Australian bourse filing.

The reseller is a wholly-owned unit of a global, publicly listed customer, the filing said.

The firm expects to deliver all equipment and receive full payment in the first quarter of 2025.

It had previously received four standalone contracts from the reseller for the same customer in 2024.

The firm's shares rose past 3% in recent trading on Wednesday.

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