Australia's Droneshield rises on receiving government contract

DroneShield

08/10/2024 01:11

** Shares of Droneshield  DRO.AX  rise as much as 8.7% to
A$1.445, set to gain most since Sept 2 — if current gains hold
    ** Defence software co receives repeat order of A$13.5
million ($9.12 million) from U.S. government customer
    ** Says order is for number of co's dismounted Counter-UxS
(C-UxS) systems — counterdrone systems
    ** Stock is up 277% YTD as of 0010 GMT


($1 = 1.4804 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))