DroneShield hits near 3-month high on selection for Australian government project

DroneShield

16/01/2026 02:21

** Shares of Australia's DroneShield DRO.AX rise as much as 9.3% to A$4.460, their highest since October 29

** Stock has gained 9.5% so far this week, on track for a sixth straight weekly gain

** Stock among top gainers on the benchmark index .AXJO, which is up 0.3%, as of 0213 GMT

** Drone tech firm said on Thursday it had been selected for the Australian government's project LAND 156 C-sUAS Services Standing Offer Panel

** The panel arrangement enables Australia's Department of Defence to procure DroneShield's counterdrone services through selective and limited tender - DRO

** DRO up 42.9% YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))