DroneShield: Secures top secret multi-million dollar counterdrone deals

Date:

Share post:

DroneShield Secures top secret multi-million dollar counterdrone deals

  • DroneShield (DRO) shares are soaring on news it has secured two separate $11 million orders from allied defence customers for its counterdrone systems over the past month
  • The company has been working on Ukraine’s side since the country was invaded by Russia in February last year
  • The company’s technology has been used to fight drones used for reconnaissance, directing artillery strikes and dropping charges
  • The conflict has been the first to highlight the potential of drones on the modern day battlefield
  • The company also has been recommended by the US military for the rollout of systems across America’s Department of Defence
  • The company CEO and Managing Director Oleg Vornik said demand for the company’s counterdrone equipment and software-as-a-service offerings has now become mainstream
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.
spot_img

Related articles

Top Cybersecurity Incidents of 2025: Key Lessons for the Fintech Industry

Exploring major cybersecurity breaches and their implications for fintech. Highlights: Overview of significant cybersecurity breaches in 2025.Key lessons learned...

Citigroup Exits Russia with $12 Billion Loss in Operations Sale

A significant move in Citigroup's strategy amidst geopolitical tensions. Highlights: Citigroup announces the sale of its remaining operations in...

Key Fintech Trends to Watch in 2025: Innovations and Opportunities

Discover the major fintech developments shaping the industry in 2025. Highlights: Growing adoption of AI technology in financial services.Increased...

Lloyds to Cease Invoice Financing Services According to FT Reports

A significant shift in Lloyds' financial services strategy amid changing market conditions. Highlights: Lloyds Bank plans to shut its...