DroneShield shares retreat on new Latin America contract
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More news: DroneShield shares dropped in morning trade after the anti-drone tech company secured a new package of contracts worth $9.7 million from an unnamed defence customer in Latin America.
Shares were down 4.2% to $2.28 at 11:55am AEST, having surged last week after the company reported sales pipeline growth and announced fresh contracts in Europe.
DroneShield secures $9.7m sale in Latin America
The news: DroneShield has signed $9.7 million worth of contracts with a privately owned in-country reseller for a “defence end customer” in Latin America.
The numbers: DroneShield’s handheld and on-the-move counterdrone systems will be delivered under three standalone contracts in Q3 and Q4 2025 through the reseller.
Cash payment is also expected in this period and no additional material conditions need to be satisfied.
The context: The company has previously received two standalone contracts from this reseller in December 2024 and January 2025, collectively worth $10.8 million.
On 25 June, the anti-drone manufacturer told the market it had a sales pipeline of $2.41 billion across 268 projects.
What they said: “In 2025, DroneShield has successfully delivered products, capability and training into the Latin American market,” DroneShield chief executive Oleg Vornik said.
"With a substantial pipeline, diversified over multiple countries and customers, DroneShield is anticipating further developments in 2025 in this region."
The source: ASX
