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…
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…
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…
DroneShield’s $10m share of big Ukraine order DroneShield has revealed its counterdrone equipment has been selected to deploy to Ukraine under the latest, $20 million Australian Government aid package. The company received multiple orders from the government with a total value to DroneShield of $10.4 million. $5 million of cash receipts from the $10.4 million…
