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Sydney counter-drone developer DroneShield has announced a follow-on contract for $5.2 million from an in-country European reseller.
The contract is for handheld counter-drone systems and associated accessories, according to a statement from the company.
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The reseller is reportedly contractually required to distribute the products to a European military customer.
“The reseller is a vetted counterparty that DroneShield has worked with for three years. Over this period, and excluding the contract announced today, DroneShield has received 12 contracts from this reseller totalling over $70 million,” according to a statement from the company.
“As previously announced to the market, the announcement threshold for received orders in 2026 will increase from the current $5 million (which was based on the $57 million of revenue in 2024) to $20 million, unless there is a further rationale to announce a received smaller order.”
Earlier this week, the Sydney counter-drone developer released a public statement acknowledging deficiencies in recent stakeholder engagement after a tumultuous two weeks on the Australian Securities Exchange.
The company, in a statement on November 24, confirmed that ‘its level of stakeholder engagement may not have met expectations at a time when company resources were focused on engaging with the Australian Securities Exchange in relation to its recent queries.’
The statement stems from investor fallout after an announcement on 10 November and the sale of shares by company leadership. US contracts were ‘inadvertently marked as new contracts rather than revised contracts based on the error in correspondence from the customer and an administrative error’, according to reports at the time.
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