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Boresight commenced trading on Wednesday, with the aerial target drone company listing at a $0.20 price and a pre-raise market cap of just under $34 million. The Canberra-based company focuses on designing and manufacturing drones that can be deliberately shot down for counter-UAS training.
The Wedgetail, deployed to the region in March, has conducted more than 40 missions providing long-range surveillance to help protect Gulf states against Iranian drone and missile attacks.
The contract has an initial value of $19.3 million, with an additional $5.6 million in options of the end user over a five-year period, according to a statement published on 2 June, and is for the supply of mobile and fixed site counter-drone solutions, comprising hardware, subscriptions, warranties and services.
The activity saw the two aircraft fly from air bases in Japan, sharing information through the tactical battlefield network as they would on intelligence, surveillance and reconnaissance (ISR) missions.
Innovaero says Vince Di Pietro brings 43 years of defence experience to the Board, along with valuable commercial experience as Chief Executive of Lockheed Martin Australia and New Zealand.
Australian Aviation is proud to reveal that 225 finalists have been selected from more than 300 submissions for the Australian Defence Industry Awards 2026. Now in its eighth year, the program remains the benchmark for excellence across the nation’s defence sector, recognising the people and businesses driving Australia’s strategic edge.
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