Australia's DroneShield rises to 1-month high on $33 million contract

DroneShield

16/12/2025 24:09

** Shares of DroneShield DRO.AX rise as much as 21.3% to A$2.79, their highest level since November 13

** Stock on track for best day since October 1, if trend holds

** The counter-drone tech firm received a contract totaling A$49.6 million ($32.95 million) for a European military end-customer.

** Contract is for handheld counter-drone systems, associated accessories, and software updates

** Stock up 254.3% YTD, including the session's moves

($1 = 1.5053 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))