DroneShield receives another AU$11 million order

Droneshield Ltd (ASX: DRO) announced that it had received a new order for approximately AU$11 million for a government agency customer. The order comprises numerous different types of DroneShield counterdrone/C-UAS equipment. The purchase order is projected to be completed by mid-2023 and payments are likely to be received in March and June 2023 quarters. The company received this purchase order after receiving another AU$11 million buying order from a different Government in December 2022.

Both purchase orders were follow other recent wins for DroneShield in the last couple of months. Moreover, in November 2022, the company received an AU$3.7 million investment from Epirus Inc, a high-growth U.S. defense technology company developing software-defined directed energy systems.

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