Australia's DroneShield hits 3-week high on $20.3 mln contracts

DroneShield

14/04/2025 01:50

** Shares of DroneShield DRO.AX rise 14.0% to A$1.015, their highest level since March 25

** Counterdrone solution provider eyes biggest gain since February 20, if gains hold

** Co inks five separate contracts totalling A$32.2 million ($20.31 million)  from an Asia Pacific military customer

** Says delivery and cash payment expected through Q2 and Q3 2025

** Stock up ~32% this year, including the day's move

($1 = 1.5855 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))