Australia's DroneShield extends gains on US expansion plans

DroneShield

24/09/2025 04:22

** Shares of DroneShield DRO.AX rise 6.9% to A$3.785, extending gains from the previous session

**  Stock top gainer on the benchmark .AXJO for a second day; AXJO down nearly 1%

**  Defence tech firm on Sept 22 announced expansion of its R&D operations in the U.S. with a second location to its US headquarters in Virginia

** Stock has risen nearly fivefold in value so far this year

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))