DroneShield Secures $49.6M European Military Contract

DroneShield Limited (ASX:DRO) has announced it has received a contract for $49.6 million from an in-region European reseller that is contractually required to distribute the products to a European military end-customer. The contract is for handheld counter-drone systems, associated accessories, and software updates. DroneShield has a large portion of this stock on-the-shelf and expects to […]

Europe and Central Asia | Physical Security

Posted: Tuesday, Dec 16

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DroneShield Secures $49.6M European Military Contract

DroneShield Secures $49.6M European Military Contract

DroneShield Limited (ASX:DRO) has announced it has received a contract for $49.6 million from an in-region European reseller that is contractually required to distribute the products to a European military end-customer. The contract is for handheld counter-drone systems, associated accessories, and software updates. DroneShield has a large portion of this stock on-the-shelf and expects to complete all deliveries in Q1 2026. Cash payments are also expected to be fully received in Q1 2026. No additional material conditions need to be satisfied.

Over the past three years, DroneShield has received 15 contracts from this reseller totalling over $86.5 million. There are no obligations for any additional contracts from this reseller or end-customer.