DroneShield Lands US$500 Million US Defence Contract

Should I buy DroneShield shares after its big US news?

DroneShield Ltd (ASX: DRO) has secured a new pathway to major US defence orders. I look at whether the shares are worth buying around $1.70.

DroneShield on ‘pathway’ to $700m of US orders

The so-called indefinite delivery, indefinite quantity contract establishes a procurement vehicle to support potential contacts with the US.

DroneShield secures US defence contract

Image: Droneshield Australian counter-drone technology company DroneShield has been awarded an Indefinite Delivery, Indefinite Quantity contract supporting Joint Interagency Task Force 401’s Domestic Shield initiative. Announced on 30 September, the contract has a maximum value of up to USD$500 million over three years and establishes a procurement pathway for DroneShield’s counter-UAS capabilities to support Domestic Shield requirements. […] Th…

DroneShield's $500M US Framework Lifts the Stock, but Orders — Not Ceilings — Will Decide the Story

DroneShield shares caught a bid on Wednesday after the Australian counter-drone specialist confirmed its place in a three-year US military purchasing vehicle worth up to US$500 million. The stock climbed 5.9% to EUR 1.04 in European trading, with pre-market quotes showing a 6.3% advance to EUR 1.05 as investors digested the news. The award comes […]

DroneShield Awarded JIATF-401 Domestic Shield IDIQ Contract

Three-year, USD$500 million contract vehicle supports accelerated deployment of counter-UAS capabilities for U.S. homeland defense Warrenton, VA – 30 September … mehr... The post DroneShield Awarded JIATF-401 Domestic Shield IDIQ Contract appeared first on European Security & Defence.

DroneShield lands US$500 million US defence contract

The three-year deal gives the Australian-listed company a route to US defence orders as concern over small drones near bases intensifies.