iscover
DroneShield has announced that it has received a package of six stand-alone contracts for $21.7 million from an in-country reseller for delivery to a western military end customer.
The contracts are for the supply of dismounted counter-drone systems, spare kits and software subscriptions.
All items ae readily available from existing inventories and it is expected delivery will be made in Q1 2026, with payment expected in Q2 2026. No additional material conditions need to be satisfied.
The reseller is a wholly owned subsidiary of a multibillion-dollar, global, publicly listed company that is required to distribute the products to the western military end customer.
Over the past seven years, prior to this contract, DroneShield has received 39 contracts from this reseller, totalling over $17.8 million.
There are no obligations for any additional contracts from this reseller or end customer.
“It does not consider the identity of the counterparty/customer to be information that a reasonable person would expect to have a material effect on the price or value of DroneShield’s securities,” DroneShield said.
“The announcement contains all material information relevant to assessing the impact of the contract on the price or value of DroneShield’s securities and is not misleading by omission.”
This announcement has been approved for release to the ASX by the chairman on behalf of the board.
