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…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Civmec and Austal join forces for landing ship bid Engineering firm Civmec and shipbuilder Austal have executed a memorandum of Understanding (MOU) to form a Joint Venture (JV) to submit a proposal to the government to support the project LAND8710…
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…
The Australian Army is turning to directed-energy weapons as one-way of embracing emerging technology to counter off-the-shelf small multi-rotor uncrewed aerial vehicles. Recently at the Army’s At a Puckapunyal range in Victoria, AIM Defence demonstrated its Fractl Portable High Energy Laser which is powerful enough to burn through steel and can track objects as small…
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…
DroneShield in new US defence order Drone countermeasure manufacturer DroneShield has received a repeat order of $5.7 million from a U.S. Government customer for a number of its C-UxS (Counter-UxS, pictured) systems. C-UxS refers to counterdrone systems targeting multi-domain aerial, ground and maritime surface drones. The delivery, involving multiple DroneShield product lines, is expected to…
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…