DroneShield shares soar on $50m Europe contract
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More news: DroneShield shares surged in morning trade after the defence technology company announced a $50 million contract with an unnamed military customer in Europe.
Shares were up 17% to $2.69 at 11:45am AEDT. The stock is up 337% over the last 12 months.
DroneShield inks $50m contract with military customer in Europe
The news: Counter-drone technology company DroneShield has secured a $49.6 million contract with an unnamed European military end-customer.
The numbers: DroneShield said it has now received 15 contracts, totalling over $86.5 million, from the same in-region European reseller that is contractually required to distribute the products to the end-customer.
The context: The contract is for handheld counter-drone systems, associated accessories, and software updates.
DroneShield said it has a large portion of this stock ready to ship, and expects to complete all deliveries in Q1 2026. Cash payments are expected to be fully received in the same period.
The source: ASX
