Australia's DroneShield hits record high on contract from Swiss customer

DroneShield

20/06/2024 05:24

** Shares of DroneShield Ltd  DRO.AX  rise as much as 6.4%
to their record high of A$1.66
    ** The defence software co says it has received an order of
A$4.7 million ($3.14 million) from a new non-government Swiss
customer
    ** Contract is for providing multiple vehicle-based
counterdrone-drone (C-UxS) systems, used in missions for convoy
and mobile VIP protection, DRO says 
    ** DRO stock has more than quadrupled this year, as of last
close 

($1 = 1.4990 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))