A Sydney-based business that manufactures products to detect and jam enemy drones has announced a landmark new deal with the US Department of Defense.
DroneShield told the ASX on Thursday that the agreement would see the business collaborate on upgrading its flagship system.
The company’s chief executive, Oleg Vornik, called its new client “one of most demanding defence customers globally” and that the new innovations would allow it to stay “at the cutting edge of customer requirement”.
“This contract is a material milestone in cementing our close working relationship with the largest defence customer globally,” said Vornik. “In addition to expected purchases associated with this paid development contract, further orders for other DroneShield solutions are expected as part of developing a trusted supplier relationship with this customer.”
The product they’re investing in, DroneShieldComplete, displays a map showing the position of drones on the sky by analysing environmental data.
It can alert users as to the drone’s likely threat and also create “disruption and exclusion zones” to protect certain areas.
In July, Australian Aviation reported how the growing business also signed deals with both the US Air Force and “a significant European military”.
DroneShield has operational hubs in Sydney, London and Virginia.