FinTechFunding

DroneShield: Hires Christopher Pyne’s lobbying firm

  • DroneShield (DRO) has appointed Christopher Pyne’s lobbying firm to oversee its bids for government defence contracts
  • The defence tech developer hired Pyne and Partners to support its executive team as it jockeys for a bigger piece of Australia’s defence expenditure pie
  • Last year, the Morrison Government earmarked nearly $43 billion in defence funding for 2020-2021
  • Pyne and Partners is led by former Defence Minister Christopher Pyne and his previous Chief of Staff, Adam Howard
  • Today’s announcement comes after DroneShield revealed it banked over $2.1 million in customer receipts during the December quarter — an all-time high for the company
  • DRO shares closed down 2.86 per cent, trading at 17 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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