Home Search Top 10 Trends Watchlist Advertise Feedback Profile



DroneShield Limited Lands a $9.9 Million Contract with Department of Defence Droneshield Limited

DroneShield Limited Lands a $9.9 Million Contract with Department of Defence

Post image

DroneShield Limited, a leader in the unmanned aerial systems (UAS) sector, has recently obtained a lucrative $9. 9 million R&D contract from the Department of Defence (DoD). The contract is set to offer around $4. 5 million of funding for each of the September and December quarters in 2023.

Renowned for developing and manufacturing AI-enabled multi-sensor drone detection and mitigation systems, DroneShield provides extensive security solutions. Their offerings are designed to safeguard clients from a variety of security threats emerging due to drone misuse.

This significant investment by the DoD testifies to the trust placed in DroneShield's cutting-edge drone detection and mitigation solutions.

Story Continues.. after this ad because we need some dollarydoos



This contract is projected to noticeably boost the company's revenue, thereby fortifying DroneShield's capacity to escalate its research and development endeavours to keep a competitive edge within the market.

The successful procurement of this contract reinforces DroneShield's position at the forefront of the expanding drone technology and countermeasure market. Moreover, this collaboration potentially paves the way for remarkable advancements in aerial security, ultimately serving both defence and intelligence communities.

Promote your business on our growing investor platform: Advertise With Us
Reply ... Share

L
Lykeshares 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Reply
L
Lykeshares 1y

#ASX:AZL Could the Dawson Bay Formation Unlock Arizona Lithium’s Full Potential?

Could the Dawson Bay Formation Unlock Arizona Lithium’s Full Potential?
Reply
L
Lykeshares 1y

#ASX:CXO Is Core Lithium’s Finniss Project Poised for a Long-Term Comeback?

Is Core Lithium’s Finniss Project Poised for a Long-Term Comeback?
Reply
L
Lykeshares 1y

#ASX:ENR Can Encounter Resources’ West Arunta Project Become Australia’s Next Major Niobium Discovery?

Can Encounter Resources’ West Arunta Project Become Australia’s Next Major Niobium Discovery?
Reply
L
Lykeshares 1y

#ASX:RDN Can Raiden’s Latest Hires Unlock the Full Potential of the Andover Complex?

Can Raiden’s Latest Hires Unlock the Full Potential of the Andover Complex?
Reply
L
Lykeshares 1y

#ASX:RDN Can Raiden’s New Drilling Program Unlock High-Grade Lithium at Andover South?

Can Raiden’s New Drilling Program Unlock High-Grade Lithium at Andover South?
Reply

L
Lykeshares 1y

#ASX:ASN How Will Anson Resources' Green River Lithium Project Shape the Future of Sustainable Mining?

How Will Anson Resources' Green River Lithium Project Shape the Future of Sustainable Mining?
Reply