DroneShield has received a package of three standalone follow-on contracts for AUD61.6 million from its privately owned in-country European reseller that is contractually required to distribute the products to a European military customer.
The contracts are for handheld detection and counter-drone systems and associated accessories. DroneShield expects to deliver all equipment throughout the third quarter of 2025, with cash payment expected in the second half of this year. No additional material conditions need to be satisfied.
This is the biggest single order in DroneShield’s history and is larger than the company’s entire revenue for 2024 (AUD57.5m). Importantly, DroneShield’s recent production and inventory holding expansion means that this order is expected to be fully delivered within the quarter.
Over the past 24 months, DroneShield’s reseller involved in this package of contracts has progressively increased DroneShield orders from single evaluation units to multi-million dollar contracts, with all imports, deliveries, and payments handled on-time and in a highly professional manner.
DroneShield had previously received a single contract from this reseller for this specific customer in April 2024 totalling approximately half a million dollars. There is no obligation for any additional contracts from this reseller or the customer.
DroneShield confirms that it does not consider the identity of the counterparty/customer to be information that a reasonable person would expect to have a material effect on the price or value of DroneShield’s securities, and the announcement contains all material information relevant to assessing the impact of the contracts on the price or value of the DroneShield’s securities and is not misleading by omission.
“In succession to the AUD32.3 million repeat order announced on April 14, 2025, for another customer, DroneShield products are now being purchased in material quantities,” said CEO Oleg Vornik. “The scale and frequency of orders has been increasing as leading military customers are moving from testing hardware to broader rollouts. DroneShield is well placed to meet the increasing demand.”
