DroneShield (ASX: DRO) - CEO, Oleg Vornik
CEO, Oleg Vornik
Source: Defence Connect
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • The United States Department of Defence will financially back DroneShield (DRO) as it develops the DroneShieldComplete Command-and-Control (C2) system
  • The department will provide funding to enhance the DroneShield product, which DRO will work on over the next several months
  • Following this period, the department is expected to make multiple purchases of DroneShield’s C-UAS equipment, which will run on the enhanced DroneShieldComplete C2
  • Significantly, the section of the Department of Defence which awarded the contract is a new customer for the company
  • DroneShield is up 16.7 per cent on the market today and is trading for 17.5 cents per share

Drone security company DroneShield (DRO) has received funding from the United States Department of Defense for the development of DroneShieldComplete Command-and-Control (C2) system.

DroneShieldComplete is an intuitive and feature-rich C2 which provides real-time alerting, tracking and reporting information for the native DroneShield, as well as third party sensors.

Significantly, the section of the Department of Defence which awarded the contract is a new customer for the company.

The department will provide funding to enhance the DroneShield product, which DRO will work on over the next several months.

Following this period, the department is expected to make multiple purchases of DroneShield’s C-UAS equipment, which will run on the enhanced DroneShieldComplete C2.

CEO Oleg Vornik said he was proud to be working with the United States Department of Defense, one of the most demanding defence customers globally, to ensure the product meets customer requirements.

“Further, this project underscores our leadership not only as a product and sensor manufacturer but also as an integrator of fixed site and mobile C-UAS systems. This contract is a material milestone in cementing our close working relationship with the largest defence customer globally,” he said.

“In addition to expected purchases associated with this paid development contract, further orders for other DroneShield solutions are expected as part of developing a
trusted supplier relationship with this customer,” he added.

DroneShield is up 16.7 per cent on the market today and is trading for 17.5 cents per share at 12:40 pm AEST.

DRO by the numbers
More From The Market Online

Unith wraps up Q1 with $5M in cash as digital humans evolve

Unith has wrapped up Q1 of 2024 with nearly $5M in cash and opex reduced. But…

Orcoda heading into Q2 with new clients under belt via government-led pilot

Orcoda has announced it's heading into Q2 with 4 new clients in its healthcare logistics arm,…

Iress (ASX: IRE) strikes deal with Bain Capital for UK Mortgage Business Sale

Iress (ASX:IRE) has entered into a binding agreement to sell its UK Mortgage business to Bain…