Australia's DroneShield jumps on receiving US defense orders

DroneShield

17/09/2025 04:31

** Shares of DroneShield DRO.AX rise as much as 8.3% to A$3.40, their highest level since August 27

** The defense tech firm receives 2 standalone contracts totaling A$7.9 million ($5.28 million) for handheld systems for delivery to the U.S. Department of Defense

** Shares post biggest intraday pct gain since August 27

** YTD, shares up 322.9%

($1 = 1.4975 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))