DroneShield Limited (ASX: DRO) announced that it had awarded AU$2.0 million of order from a European Government customer for several DroneSentry fixed site detect-and-defeat systems. This order is a record size agreement for the company’s European market.
The major proportion of the payment for the contract is due to be received in the September 2022 quarter, with the balance on system installation before to end of calendar 2022. The systems comprised SaaS subscriptions to the company’s AI software engines, being RFAITM, DroneOptIDTM, and DroneSentry-C2TM command-and-control sensor fusion engine.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.