ASX:DRO – DroneShield Awarded $4.7 Million Contract

• A $4.7 million contract for multiple vehicle-based C-UxS systems from a new customer.

• Further material orders are anticipated from this customer.

DroneShield Ltd (ASX:DRO) (DroneShield or the Company) is pleased to announce it has received an order of $4.7 million from a new non-government Swiss international customer, to provide multiple vehicle-based counterdrone-drone (C-UxS) systems.

The vehicle-based solution will offer a rapidly deployable C-UxS platform, that can be operated in both static and On-The-Move (OTM) missions for convoy and mobile VIP protection.

The end customer is a high-profile Government agency.

Payments are expected to be received throughout 2024, with the final payment expected in Q12025.

The solution provides a new level of operational flexibility, by incorporating DroneShield’s radio frequency detection and mitigation, radar, and electro-optical sensors, into a single vehicle-based platform. The system will be powered by the DroneSentry-C2 command-and-control system, including its proprietary AI-based sensorfusion engine.

Oleg Vornik, DroneShield CEO, commented: “This order highlights DroneShield expertise not only as a maker of cutting-edge AI-based C-UAS sensor and effector technologies, but also a system integrator, for demanding applications that involve multiple sensor and effector modalities, operating in tough conditions. We are excited to have this new customer onboard and doing more work with them over coming years.”