Australia's DroneShield soars on bagging Western military contract

DroneShield

29/12/2025 23:36

** Shares of DroneShield DRO.AX are up as much as 6.1% at A$3.32, their biggest intraday pct gain since Dec. 24
** Drone tech firm gets A$8.2 million ($5.49 million) contract from a Western military end-customer
** Contract for delivery of handheld counter-drone systems, associated accessories and spare kits, and software updates
** Shares up 326.1% YTD

($1 = 1.4943 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))