Highlights

  • DroneShield shares rise to AUD 4.72 on 22 January 2026, Bell Potter points to a AUD 5.00 level.
  • The company was selected for Australia’s Project LAND 156 C-sUAS Services Panel.
  • Multiple defence contracts support DroneShield’s delivery pipeline into 2026.

DroneShield Ltd (ASX:DRO) shares climbed 9.26% to AUD 4.72 during the trading session on 22 January 2026, extending gains that have seen the stock rise approximately 626.15% over the past year and 41.74% on a year-to-date basis. The move comes amid continued investor attention on the counterdrone technology provider following a series of defence-related contract announcements and commentary from Bell Potter Securities.

Bell Potter Sets Price View on DroneShield

Analysts at Bell Potter Securities have indicated expectations for DroneShield shares to approach AUD 5.00. The view might follows recent developments tied to contract momentum and the company’s growing exposure to defence and security-related applications. DroneShield has been actively supplying counterdrone and electronic warfare systems to military and government-linked customers across multiple regions.

Who is DroneShield?

DroneShield provides artificial intelligence-based solutions focused on counterdrone and electronic warfare applications. Its customer base includes military organisations, intelligence agencies, government departments, law enforcement bodies, and operators of critical infrastructure. The company’s offerings are designed to detect, identify, and mitigate threats posed by unmanned aerial systems in both domestic and operational environments.

Australian Defence Panel Selection

On 15 January, DroneShield announced its selection for the Australian Government’s Project LAND 156 Counter-Small Uncrewed Aerial Systems (C-sUAS) Services Standing Offer Panel. The panel arrangement enables the Australian Defence Force to procure DroneShield’s counterdrone services through selective and limited tender processes. The arrangement provides a pathway for DroneShield to deliver C-sUAS capability as a service across approximately 150 defence bases and installations, as well as other whole-of-government sites.

Defence Contracts Across Regions

DroneShield has reported multiple contract wins in recent months. On 30 December, the company announced an AUD 8.2 million contract via an in-country reseller for delivery to a western military end customer, with deliveries expected by early Q1 2026. Earlier, on 24 December, DroneShield secured a standalone AUD 6.2 million contract for delivery to a military customer in the Asia-Pacific region, with payment expected in 2026.

On 16 December, the company disclosed a larger AUD 49.6 million contract from a European reseller supplying a military end customer, with deliveries and cash receipts expected in Q1 2026. In November, DroneShield also announced a AUD 5.2 million follow-on contract tied to European military supply.

Outlook

With continued contract announcements, government panel participation, and analyst attention, DroneShield remains in focus among ASX-listed defence technology companies as it progresses deliveries across domestic and international markets.