DroneShield: Secures order from European Ministry of Defence
- Defence tech developer Droneshield’s shares have spiked once again today on a new order from the European Ministry of Defence
- To fulfil the order, DRO will provide its RadarZero portable counterdrone unit to a client from the European militar
- For now, this order only covers the unit’s evaluation but it’s expected to lead to extra deployments and bring in $100,000 in sales proceeds
- The unit weighs just 1.25 kilograms and is able to detect and track airborne threats
- The news follows DroneShield’s announcement on Thursday about a contract with the U.S. Air Force
- Following today’s news, stakeholders drove the DRO share price up 12.9 per cent to trade for 17.5 cents per share
