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DroneShield Secures $33 Million U.S. Government Contract — ASX:DRO| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$DRO
DroneShield Secures $33 Million U.S. Government Contract
DroneShield Ltd (ASX:DRO) has announced the receipt of a record $33 million order from a U.S. Government agency for DroneShield's equipment and multi-year services. This contract represents a significant achievement for DroneShield and reinforces the Company's position as a leading provider of security solutions around the world.
The award is a testament to the strong confidence of the U.S. Government agency in DroneShield's capabilities. DroneShield's U.S. CEO, Matt McCrann, expresses his appreciation, stating that the award reflects their commitment to the customer's mission. The company's success is largely credited to the dedication of its team and the high value it has delivered to customers globally.
DroneShield anticipates full payment of the order by the end of 2023, and this year is expected to be another record year for the company, significantly surpassing the record set in 2022. Furthermore, DroneShield has recently secured another $9.9 million order from a customer among the Five
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Eyes community.
This latest order brings DroneShield's current order backlog to a record $62 million. With a pipeline of over $200 million across more than 80 opportunities, the company looks set to continue its growth trajectory.
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L
Lykeshares
147d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
147d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
178d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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