DroneShield awarded $4.3 million order from unnamed US government customer
Drone detection and countermeasure company DroneShield has announced a repeat order of $4.3 million from an undisclosed US government customer.
According to a statement to the ASX on Thursday, the delivery is expected to be complete “over the next 15 days,” using available stock on hand. It is for a number of handheld counter-unmanned aerial systems (C-UAS) solutions.
The unnamed customer had previously purchased “a number of smaller preceding orders” and this is the first material contract with them. Larger orders are expected in the near-term, with the timing and value of these to be shared “as further information becomes available.”
Tom Branstetter, Director of Business Development, said recent conflict has shown the rapid evolution of unmanned systems.
“This U.S. government end-user has and always will require cutting-edge capabilities to maintain its decisive advantage,” said Branstetter.
“This initial order is a testament to our team’s unwavering commitment to addressing complex challenges and further highlights our key position in the counter-unmanned systems space.”
The company’s CEO Matt McCrann added that DroneShield products have undergone “extensive evaluations” from various US government agencies in the last several years, and it was an honour to start seeing the results of these.
“In addition to market leading product performance, the ability for us to rapidly deliver DroneShield solutions was important to the customer,” he added.
“We’re proud to be able to do so in support of their urgent operational requirements, as drone threats continue to rapidly escalate.”
The news follows January’s announcement that DroneShield achieved its first ever profit of $4 million in 2023, compared to a loss of $2.9 million in calendar year 2022. It reported a $30 million contract order backlog with $400 million in the company’s sales pipeline at the time.
DroneShield’s products use data fusion systems to bring together numerous sensors scanning a battlespace searching for intruding drones, as well as DroneGun and DroneCannon systems targeting and disabling attacking drones’ electronic systems.
Picture: credit DroneShield
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