$61.6m European Military Contract

DroneShield Limited (ASX: DRO) has received a package of three standalone follow-on contracts for $61.6 million from its privately owned in-country European reseller that is contractually required to distribute the products to a European military customer. The contracts are for handheld detection and counterdrone systems and associated accessories. DroneShield expects to deliver all equipment throughout […]

Europe and Central Asia | Government & Policy

Posted: Thursday, Jun 26

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$61.6m European Military Contract

$61.6m European Military Contract

DroneShield Limited (ASX: DRO) has received a package of three standalone follow-on contracts for $61.6 million from its privately owned in-country European reseller that is contractually required to distribute the products to a European military customer. The contracts are for handheld detection and counterdrone systems and associated accessories. DroneShield expects to deliver all equipment throughout Q3 2025, with cash payment expected in Q3 and Q4 2025. No additional material conditions need to be satisfied.

This is the biggest single order in DroneShield’s history and is larger than the company’s entire revenue for 2024 ($57.5m). Importantly, DroneShield’s recent production and inventory holding expansion means that this order is expected to be fully delivered within the quarter.

Over the past 24 months, DroneShield’s reseller involved in this package of contracts has progressively increased DroneShield orders from single evaluation units to multi-million dollar contracts, with all imports, deliveries, and payments handled on-time and in a highly professional manner. DroneShield had previously received a single contract from this reseller for this specific customer in April 2024 totalling approximately $0.5 million. There is no obligation for any additional contracts from this reseller or the customer.

DroneShield confirms that:

It does not consider the identity of the counterparty/customer to be information that a reasonable person would expect to have a material effect on the price or value of the DroneShield’s securities; an
The announcement contains all material information relevant to assessing the impact of the contracts on the price or value of the DroneShield’s securities, and is not misleading by omission.

Oleg Vornik, DroneShield CEO, commented: “In succession to the $32.3 million repeat order announced on 14 April 2025 for another customer, DroneShield products are now being purchased in material quantities. The scale and frequency or orders has been increasing as leading Military customers are moving from testing hardware to broader rollouts. DroneShield is well placed to meet the increasing demand.”