DroneShield Receives $2.2 Million in Funding for Next-Generation Portable Counter-UAS Technology

DroneShield Ltd (ASX:DRO), a leading provider of counter-drone solutions, has announced that it has received two orders totalling approximately $2.2 million from the U.S. Department of Defense (DoD) and another U.S. federal government agency. The orders include a number of DroneShield’s handheld systems, including the recently launched DroneGun Mk4 portable drone countermeasure product.

Payments for both orders are expected to be received in the third quarter of 2023, following delivery. The full order includes an upfront product purchase and software-as-a-service (SaaS) elements.

Commenting on the orders, DroneShield’s U.S. CEO, Matt McCrann, stated, “We’re proud to support these groups and their requirements, and to continue to build the relationship and problem solve with them. The recent orders for DroneGun Mk4 and our other handheld Counter-UAS solutions validates our commitment to developing products with the end user in mind; intuitive and easily adopted into various missions sets.”

DroneShield’s solutions are in high demand, as the counter-UAS market continues to grow rapidly. The company is pleased to be working with leading government customers as they build out their counter-UAS capabilities.

No Replies to "DroneShield Receives $2.2 Million in Funding for Next-Generation Portable Counter-UAS Technology"