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HomeFinTechDroneShield: Secures top secret multi-million dollar counterdrone deals

DroneShield: Secures top secret multi-million dollar counterdrone deals

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DroneShield Secures top secret multi-million dollar counterdrone deals

  • DroneShield (DRO) shares are soaring on news it has secured two separate $11 million orders from allied defence customers for its counterdrone systems over the past month
  • The company has been working on Ukraine’s side since the country was invaded by Russia in February last year
  • The company’s technology has been used to fight drones used for reconnaissance, directing artillery strikes and dropping charges
  • The conflict has been the first to highlight the potential of drones on the modern day battlefield
  • The company’s CEO and Managing Director Oleg Vornik said demand for the company’s counterdrone equipment and software-as-a-service offerings has now become mainstream

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