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DroneShield Secures $33 Million U.S. Government Contract Droneshield Limited

DroneShield Secures $33 Million U.S. Government Contract

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DroneShield Ltd (ASX:DRO) has announced the receipt of a record $33 million order from a U. S. Government agency for DroneShield's equipment and multi-year services. This contract represents a significant achievement for DroneShield and reinforces the Company's position as a leading provider of security solutions around the world.

The award is a testament to the strong confidence of the U. S. Government agency in DroneShield's capabilities.

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DroneShield's U. S. CEO, Matt McCrann, expresses his appreciation, stating that the award reflects their commitment to the customer's mission. The company's success is largely credited to the dedication of its team and the high value it has delivered to customers globally.

DroneShield anticipates full payment of the order by the end of 2023, and this year is expected to be another record year for the company, significantly surpassing the record set in 2022. Furthermore, DroneShield has recently secured another $9. 9 million order from a customer among the Five Eyes community.

This latest order brings DroneShield's current order backlog to a record $62 million. With a pipeline of over $200 million across more than 80 opportunities, the company looks set to continue its growth trajectory.

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