DroneShield Clinches Counterdrone System Order From Latin American Military End Customer; Shares Up 3%
DroneShield (ASX:DRO) received a AU$9.7 million order from a military end customer in a Latin American country through its in-country reseller for a combination of dismounted, mobile, and fixed-site counterdrone systems, according to a Monday Australian bourse filing.
The delivery of the systems and payment are expected to occur in the first half, with about 80% of the payment expected before shipping and 20% after delivery.
Chief Executive Oleg Vornik said the company expects to see further development in the region, with the appointment of a dedicated sales director, Carlos Gutierrez.
The company's shares were up 3% in recent Monday trade.
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