DroneShield rallies on $22m contract package with western military customer

The news: DroneShield shares surged in early trade after the counter-drone technology company announced it has received a package of six standalone contracts for $21.7 million for delivery to an unnamed “western military end-customer”.

The numbers: Shares were up 8.6% to $3.68 at 10:50am AEDT, taking 12-month gains to 333%.

The contracts were made through an in-country reseller, which has delivered 39 DroneShield contracts totalling over $17.8 million over the last seven years.

The context: The contracts are for the supply of dismounted counter-drone systems, spare kits and software subscriptions. It is expected delivery will be made in Q1 2026, with payment expected in Q2.