BUZZ-Australia's DroneShield hits nearly 2-month high on Latin American contract

Reuters

01-06

BUZZ-Australia's DroneShield hits nearly 2-month high on Latin American contract

** DroneShield DRO.AX rises as much as 9.9% to A$0.835, highest since Nov. 11, 2024

** Aerospace co bags A$9.7 mln ($6 mln) contract for counter-drone systems to be delivered to a military client through the ASX-listed firm's local distributor in Latin America

** Says order delivery expected in H1 FY25, with 80% payment anticipated before shipping and remaining post-delivery

** Stock posts biggest intraday pct gain since Dec. 27, 2024

** DRO more than doubled last year, rising 106.8%

($1 = A$1.6098)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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