DroneShield receives $8m order, further announcement expected

Drone detection and countermeasure manufacturer DroneShield announced an $8.2 million repeat order this morning from a European defence customer.

However, trading in the company’s shares on the ASX was then paused, pending a further announcement.

DroneShield said that delivery of the latest order to a major European government agency was expected in the next three months, with stock manufactured in Sydney and partly drawn from stock.

DroneShield’s systems are widely used including in Ukraine, with the latest order being for for dismounted and vehicle-mounted systems Counter-UxS systems.

DroneShield CEO Oleg Vornik said: “Larger orders of this type from repeat customers of this calibre are a validation that DroneShield products are meeting the challenge set by sophisticated military customers.

“As the threat of drones is increasing across the entire battlespace, militaries need broader packages like this one.

“DroneShield is unique globally in that we can provide an entire ecosystem of dismounted, vehicle and fixed systems and link them all together.”

Picture: DroneShield/DroneShield Expeditionary Fixed Site (EFS) drone detect and defeat system