- DroneShield (DRO) locks in an $800,000 contract with the Australian Department of Defence
- The contract will see DroneShield work in the counter-drone space along with general military and Government agency applications
- DroneShield says it’s eager to continue pushing the envelope of what is possible with AI applications
- The contract work and payments from the Department of Defence are due to be spread over the next twelve months
- DroneShield is up 4.05 per cent, trading at 19.3 cents
DroneShield (DRO) has locked in an $800,000 contract with the Australian Department of Defence.
The Sydney-based company specialises in electronic warfare, artificial intelligence (AI), sensor fusion and radio frequency sensing for protecting military, government, law enforcement and VIPs around the world.
The contract will see DroneShield work on both the counter-drone space along with general military and Government agency areas. The company said the deal relates to artificial intelligence in multi-domain applications.
DroneShield CEO Oleg Vornik said the company has a deep history of collaborating with the Australian military and was eager to see this project open a new teaming sovereign industrial capability front.
The company’s prior contracts include delivering a $3.8 million electronic warfare project.
“This project enables deeper collaboration with Australian defence to leapfrog our AI capabilities to the next level,” Mr Vornik said.
“We are extremely excited to continue pushing the envelope of what is possible with AI applications to military and government work and bring those capabilities to our customer base.”
The company said both its work and payments from the Department of Defence will be spread over the next 12 months.
DroneShield was up 4.05 per cent, trading at 19.3 cents at 2:18 pm AEDT.