Stock Track | DroneShield Soars 14.35% on AU$49.6 Million European Contract Win

Stock Track
Dec 16

DRONESHIELD LTD (DRO.AU) surged 14.35% during intraday trading on Tuesday following the announcement of a major contract win.

The company secured an AU$49.6 million order from an unnamed European reseller for handheld counter-drone systems and accessories, as disclosed in a bourse filing. The reseller is obligated to distribute the products to a European military customer, with payment expected in Q1 2026.

This contract underscores DroneShield's growing presence in the defense sector and its ability to secure high-value deals, driving investor optimism.

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