DroneShield’s record $33 million US order

Drone detection and countermeasure manufacturer DroneShield has been awarded a massive $33 million order from a US government agency.

The order, for equipment and the provision of multi-year services, is the largest ever received by the company which operates a factory in Sydney.

In line with company practice, the company did not name the customer.

DroneShield’s US CEO Matt McCrann said: “We’re honoured to receive this award and support this customer.

“This award is a result in their trust in DroneShield and our solutions, and reflects our commitment to their mission.

“We’re proud of our team’s efforts, the increasing value we’ve delivered to our customers worldwide, and are excited about continuing to support and grow the business.”

The latest order follows a $9.9 million order announced earlier this month, from another customer among the Five Eyes group of intelligence sharing nations.

According to the ASX listed company, this year should be ‘another record year by a wide margin following the previous record year in 2022’.

DroneShield’s order backlog stands at a record $62 million.

Among DroneShield’s founders are scientist Dr Brian Hearing from Johns Hopkins University and physicist Dr John Franklin, from the Defense Advanced Research Projects Agency (DARPA) in the US.

The company’s equipment uses a mix of radiofrequency, radar and camera sensors to detect and track a drone over long distances. Jamming utilises a burst of radio frequency that overwhelms the drone, forcing it into a landing where it can be retrieved.

DroneShield raised $40 million earlier this year to scale up its inventory and operations.

Further reading:
DroneShield’s new $9.9 million defence order

Picture: DroneShield