DroneShield Shares soar on record $11m order
- DroneShield (DRO) receives a record purchase order worth $11 million from an unnamed government agency customer
- The order includes several different types of Drone Shield counter-drone and C-UAS equipment, with a substantial portion of the order expected to be delivered “shortly”
- The company expects to receive the payment for each delivery within a month of the client being supplied with the goods, with proceeds due in the March and June 2023 quarters
- The company’s CEO, Oleg Vornik, described the order as a “transformational next step” in the company’s growth
- The company shares are up 25.71 per cent to 22 cents at 11:06 am AEDT
