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…
Titomic announces sale of TKF metal 3D printing systems 3d printer manufacturer Titomic has announced the sale of cold spray additive manufacturing systems and associated equipment to Spanish technology centre Fundacion Centre Technologico Miranda de Ebro (CTME). The sale includes D633 medium-pressure and D523 low-pressure cold spray systems, a powder feeder and integrated spray booth…
Drone detection and countermeasure manufacturer DroneShield has been awarded a $900,000 R&D contract from a Five-Eyes government to respond to increases in electronic jamming including potentially on the battlefields of Ukraine. The contract aims to leverage the potential of the DroneSentry-X Mk2 and aims to provide a set of software tools to enhance end-user capabilities…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) 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…
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…
DroneShield moves to profit on increasing global tensions Drone countermeasure company DroneShield has confirmed it moved to profit in FY23 on the back of rising global tensions and Russia’s invasion of Ukraine. The company reported record contracts and growing cash receipts which reached $73.5 million in FY23, five times the previous year. More than 68…
The federal government is investing $3.4 million in 10 defence manufacturers in the latest round of the Defence Global Competitiveness and Sovereign Industrial Capability Priority programmes announced today. The new grants will provide 50 per cent matching grants to support the delivery of cutting-edge defence capabilities, creating more than 50 jobs and helping to drive…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Ukraine war propels DroneShield to new records War brings no good to anyone but a few military contractors which boom during times of rising tensions – none more so than drone detection and countermeasure manufacturer DroneShield, writes…
By Peter Roberts War brings no good to anyone but a few military contractors which boom during times of rising tensions – none more so than drone detection and countermeasure manufacturer DroneShield. To say that the company is in the right place at the right time to prosper from technological change is a massive understatement…
