DroneShield Ltd (ASX: DRO) announced that it had received a record purchase order for approx. AU$11 million for a Government agency customer. The order comprises various types of DroneShield counterdrone/C-UAS equipment. A significant part of the order is anticipated to be supplied shortly, with the rest in late March 2023.
The AU$11 million relates to the combined value of both phases of the project. The company anticipates that the payment for each batch to be received within a month of each delivery and is projected to be received across March and June 2023 quarters.
“From the start of the company 7 years ago, DroneShield has demonstrated a consistent progression, first by building and then refining its product suite along with global distributor network, then moving to customer demos, followed by initial smaller sales, repeat AU$1m+ sales, and now moving into AU$10m+ sales territory” DroneShield CEO, Oleg Vornik, commented.
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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.
