DroneShield has confirmed a contract worth around AUD 49.6 million for the supply of military counter-drone systems, brokered through a European reseller. A large part of the delivery is available at short notice, which increases expectations of early revenue.
The European military order is a cause for optimism, as it shows that DroneShield is gaining a foothold in the rapidly growing defense market and that its products are in demand internationally. This has led to a noticeable increase in buying interest.
DroneShield is strongly positioned in the area of counter-drone technologies, which is a global focus due to geopolitical tensions and rising defense budgets - giving investors additional reason to bet on rising share prices (long-term trend, not just today).
