๐ DroneShield (ASX: DRO) Surges 17% on AU$61.6M European Military Contract ๐
DroneShield just secured its largest single order ever โ a massive AU$61.6 million contract with a European military customer via a private reseller. This deal alone exceeds last yearโs total revenue of AU$57.5M, highlighting the explosive demand for its cutting-edge counter-drone systems.
๐ฆ The contract covers handheld detection and counter-drone devices, set for delivery in Q3 2025.
๐ฅ I've written about this stock in 2024 when it was AU$0.625/share. Now, this milestone confirms DroneShieldโs growing footprint in the European defense market and underscores the urgent global need for advanced drone security tech.
With record contracts piling up and strong fundamentals already in place, DRO looks well-positioned for sustained growth.
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