DroneShield secures USD9.9m follow-on contract from DoD for counter drone equipment

DroneShield reports award of a follow-on two year R&D contract with a total value of USD9.9 million by a Five Eyes Department of Defence (DoD). Approximately USD4.5 million is due in the September and December 2023 quarters. Five Eyes refers to the defence/intelligence alliance between the US, Canada, UK, Australia and NZ.

The award follows DroneShield materially completing the USD3.8 million contract announced 4 June 2021 with the DoD, with a final milestone payment expected this month.

Oleg Vornik DroneShield’s CEO, commented: “This is the largest long-term contract received by DroneShield to date, significantly larger than the earlier, USD3.8 million contract. The 2-year term locks in cash receipts over a period of time. Further larger contracts are anticipated following completion of this phase.”
(Image: Operator with the tablet console of DroneShield DroneSentry-X vehicle counterdrone system)

For more information visit:



Share this:
D-Fend advert. Click for website