DroneShield Limited Lands a $9.9 Million Contract with Department of Defence
DroneShield Limited, a leader in the unmanned aerial systems (UAS) sector, has recently obtained a lucrative $9. 9 million R&D contract from the Department of Defence (DoD). The contract is set to offer around $4. 5 million of funding for each of the September and December quarters in 2023.
Renowned for developing and manufacturing AI-enabled multi-sensor drone detection and mitigation systems, DroneShield provides extensive security solutions. Their offerings are designed to safeguard clients from a variety of security threats emerging due to drone misuse.
This significant investment by the DoD testifies to the trust placed in DroneShield's cutting-edge drone detection and mitigation solutions.
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This contract is projected to noticeably boost the company's revenue, thereby fortifying DroneShield's capacity to escalate its research and development endeavours to keep a competitive edge within the market.
The successful procurement of this contract reinforces DroneShield's position at the forefront of the expanding drone technology and countermeasure market. Moreover, this collaboration potentially paves the way for remarkable advancements in aerial security, ultimately serving both defence and intelligence communities.
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