ParaZero Technologies Secures Defense Contract for Advanced Counter-Drone System
Reuters
Aug 18
ParaZero Technologies Secures Defense Contract for Advanced Counter-Drone System
ParaZero Technologies Ltd. (Nasdaq: PRZO), an aerospace defense company specializing in smart, autonomous solutions for aerial systems, has announced the receipt of a purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a defense entity. This new order marks a significant milestone for ParaZero as it continues to expand its presence in the defense and counter-drone markets. The company's cutting-edge C-UAS technology is designed to neutralize drones, providing essential protection for critical infrastructure and sensitive operations. Ariel Alon, CEO of ParaZero, stated that the order is a testament to the trust in their technology and underscores their commitment to safety and security. The global anti-drone market is projected to grow significantly, reaching $12.24 billion by 2032, with a CAGR of 21.62% from 2025.
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