DroneShield announced on Monday a $13 million investment in a significant research and development and manufacturing capacity expansion, including new dedicated production space three times the size of its current facility. The company will establish a new 3,000 square metre production facility in Sydney’s Alexandria, with an expected opening in December 2025. It will also…
Counter-drone business DroneShield has announced three standalone follow-on contracts, worth a total of $61.6, representing “the biggest single order” in its history and topping its entire revenue of $57.5 million for 2024. According to a statement from the company on Wednesday, the contracts were from its privately owned in-country European reseller, to be distributed to…
Counter-drone company DroneShield has been selected by an unnamed Australian law enforcement agency to deliver a contract worth “over $1 million”, which it said is part of “a broader initiative to moderni[s]e law enforcement tools” and address the growing risks posed by unauthorised drone activity. DroneShield makes products involved in spotting and disabling unnamed aerial…
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…
Drone Detection and countermeasure manufacturer DroneShield (DRO) has replied to its critics emphatically with the successful completion of its approximately $120 million fully underwritten placement at a price of $1.15 per New Share. DroneShield shares have come under pressure with the latest raising, and a placement that raised $75 million in April, confirming strong institutional…
Shares in drone detection and countermeasure company DroneShield have continued their downward slide despite the release of the company’s latest quarterly report to shareholders. The company’s shares have been under pressure since earlier this month when a negative media report questioned the valuation of the company, which has been riding high on rapid growth and…
Drone detection and countermeasure manufacturer DroneShield has received an order of $4.7 million from a new non-government Swiss international customer to provide multiple vehicle-based counterdrone (C-UxS) systems. The vehicle-based solution offers a C-UxS platform that can be operated in both static and On-The-Move (OTM) missions for convoy and mobile VIP protection, according to the company.…
DroneShield has officially opened a new headquarters at Pyrmont, in Sydney’s inner-city, where the drone countermeasures company says it has tripled its R&D and manufacturing capacity. In a statement on Tuesday, DroneShield said the facility hosts its team of 120 and has headroom to produce “$400 million in hardware and software per year”. The new…
Drone detection and countermeasure manufacturer DroneShield has topped off a year of rapid growth with a fully underwritten $75 million capital raising. The company is raising $70 million via a share placement, and an additional $5 million through a share purchase plan. The cash will be used to build up inventory to support a sales…
Drone detection and countermeasure manufacturer DroneShield can look forward to greater opportunities selling to European militaries following an approval from the NATO Support and Procurement Agency (NSPA). The approval awarded via COBBS BELUX BV, DroneShield’s in-country Belgium and Luxembourg partner, is the first Counter-small UAS procurement framework agreement in NATO history. The initial agreement is…
