DroneShield Ltd (ASX:DRO) has received a purchase order for approximately A$11 million for counterdrone/C-UAS equipment from a Government agency.
The order is expected to be delivered by mid 2023 and the proceeds are expected to be received across March and June 2023 quarters.
This follows another $11 million purchase order received from a different Government in December 2022.
Additionally, DroneShield has received other recent wins, including recommendation by the Joint Counter-small Unmanned Aircraft Systems Office, a SBIR project, the first US airport deployment, and appointment to the Australian Department of Defence Standing Offer Panel.
Most recently, DroneShield equipment was deployed for Brazil presidential inauguration.
In November 2022, DroneShield welcomed a A$3.7 million investment from Epirus Inc.
Following the announcement, shares of Droneshield (ASX:DRO) were unchanged at $0.25.