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DroneShield Limited (ASX:DRO)

ALERT: Price-sensitive ASX Announcement for DRO
Current share price for DRO : $2.055 -0.025 (-1.20%)+
Announcement
Release
28 Jul 2026 9:48AM
Price at Release
$2.080
Full Release
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Summary
DroneShield Limited announced significant developments including receiving contracts worth $23.2 million for vehicle-mountable counter-drone solutions to be delivered to a European military customer. The company also introduced the RfAI-3, an advanced RF detection engine designed to improve situational awareness against emerging drone threats. In a trading update, DroneShield reported a 74% increase in revenue for 1H 2026 compared to the prior corresponding period, with an expected total FY2026 revenue of $250M to $270M. The announcements underscore DroneShield's strategic growth in the European market and its position as a leader in counter-drone technology.
Key Points
  • Received $23.2 million in contracts from a European military client.
  • Introduced RfAI-3, a new RF detection engine for drones.
  • 1H 2026 revenue increased by 74% compared to the previous year.
  • Expected FY2026 revenue between $250M and $270M.
  • Strategic growth in European military markets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.