AIM Defence scores $1m in drone competition

AIM Defence’s Fractl Tactical Directed Energy Laser has taken out first place at an international Counter Drone Sandbox in Canada netting a $1 million dollar prize. The win cements AIM’s position at the forefront of low cost and compact Tactical Counter-Drone Systems and follows the Australian Government’s $5.4 million commitment to buy a Fractl counter…

DroneShield hits back at critics, raises $120 million

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…

ADF invests $100m in new drones

The federal government will invest over $100 million to buy new lethal and non-lethal drones from a German and an Australian manufacturer. The acquisition of two small uncrewed aerial systems (SUAS) will bolster the ADF’s ability to carry out surveillance and reconnaissance and augments the ADF’s existing stock of drones. The Quantum-Systems Vector 2-in-1 and…