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Highlights
DroneShield awarded a 2-year, AUD 11.7 million R&D contract from a Five Eyes Department of Defence.
This marks the fourth R&D contract from the same defence customer, following a prior AUD 9.9 million contract completed in 2023.
DRO share price rose 6.3% to AUD 2.62 on 8 July 2025 following the announcement.
DroneShield Limited (ASX:DRO) has announced a significant contract win with a Five Eyes Department of Defence (DoD), securing a follow-on two-year R&D agreement valued at AUD 11.7 million. This award marks the fourth research and development contract from the same defence partner.
The new contract follows the successful completion of a AUD 9.9 million agreement announced in July 2023, and adds to previous awards from the same DoD customer in November 2020, June 2021, and June 2023, bringing the total awarded by this client to approximately AUD 26.1 million across four contracts.
DroneShield noted that all conditions for the new award have been met, and the contract is now in effect. The customer’s identity, while not disclosed, is part of the Five Eyes alliance — a defence and intelligence-sharing network comprising the United States, United Kingdom, Canada, Australia, and New Zealand.
CEO Oleg Vornik said, “Multiple follow-on contracts are the ultimate customer measure of our performance. As an Australian sovereign business, providing capabilities globally, DroneShield is proud to continue undertaking multi-year contracts of a meaningful size with this customer.”
The company emphasised that the identity of the customer is not considered material to the price or value of its securities. It further stated that all material information related to the contract's impact has been disclosed in this announcement.
DroneShield continues to expand its presence in the global defence technology space, offering AI-powered counter-drone and electronic warfare solutions for military, law enforcement, intelligence agencies, critical infrastructure, and airports. Its systems are tailored for use across terrestrial, maritime, and airborne platforms.
Following the contract news, DroneShield’s share price climbed 6.3% to AUD 2.62 per share on 8 July 2025.
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