Australia's Droneshield jumps on $2.1 mln US government contract

DroneShield

11/09/2024 01:56

** Shares of Droneshield  DRO.AX  rise as much as 7.3% to
A$1.330, set for best day since Sept. 2, if current gains hold  
  
    ** Drone maker says it has received A$3.1 mln ($2.06 mln)
U.S. government contract to supply counterdrone systems 
    ** DRO has more than trebled in value so far this year

($1 = 1.5035 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))