DroneShield shares jump as it flags $2.4b sales pipeline, Europe contract
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More news: DroneShield shares rocketed in early trading after the anti-drone tech company announced it had a sales pipeline of $2.41 billion across 268 projects and said it had secured three contracts worth a combined $61.6 million from an unnamed military customer in Europe.
DroneShield shares were up 18.8% to $2.12 at 10:50am AEST, taking gains to 177% since the turn of the year.
The sales pipeline is a 100% increase to its $1.2 billion estimate flagged in January. At the time the company said these sales were not assured.
Europe pipeline sales is the largest at $1.1 billion, followed by the US at $663 million and Asia excluding China at $443 million.
DroneShield secures $61.6m in new European military contracts
The news: Anti-drone tech company DroneShield has secured a package of three standalone follow-on contracts for $61.6 million from an unnamed military customer in Europe.
The numbers: DroneShield said the contracts represent the biggest single order in the company's history, topping its entire 2024 revenue of $57.5 million.
The context: The contracts, which are for handheld detection and counterdrone systems, were completed through Droneshield's privately owned in-country European reseller, that is contractually required to distribute the products to the unnamed customer.
Droneshield said it expects to deliver all the equipment through the third quarter of 2025, with cash payment expected in the third and fourth quarters.
What they said: "In succession to the $32.2 million repeat order announced on 14 April 2025 for another customer, DroneShield products are now being purchased in material quantities," said Droneshield's chief executive Oleg Vornik.
"The scale and frequency of orders has been increasing as leading military customers are moving from testing hardware to broader rollouts. Droneshield is well placed to meet the increasing demand."
