DroneShield extends gains after contract win, Bell Potter raises earnings forecast

DroneShield

04/11/2025 24:51

** Shares of Australia's DroneShield DRO.AX rise 2.9% to A$3.94, extending Monday's gains

** Defence tech firm on Monday announced an A$25.3 million ($16.44 million) contract from a defence end customer in a Latin American country

** Analysts at Bell Potter upgrade co's CY25e EPS by 20%, reflecting an A$10 mln increase in revenue following the contract

** Bell Potter retains "buy" and expects DRO to see material contracts flowing from its A$2.55 bln potential sales pipeline over the next three to six months as defence budgets roll over to FY26

** Shares up 411.8% YTD

($1 = 1.5389 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))