ASX defense darling DroneShield hits record high on announcing R&D facility

DroneShield

07/10/2025 01:05

** DroneShield DRO.AX rises as much as 6.5% to record high of A$6.70

** Defense tech firm says will invest A$13 mln ($8.6 mln) over three years to set up new counter-drone R&D facility

** Co saw orders from U.S., Europe this year amid increased defense spending

** YTD, DRO surges 732.7%

($1 = A$1.5115)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))