DroneShield Ltd has announced a repeat standalone contract valued at $8.2 million from a major European military customer. The contract is for the supply of dismounted and vehicle-mounted Counter-UxS (Uncrewed Aircraft Systems) systems, with delivery expected over the next three months. The full payment is expected in the first quarter of 2025, with no additional material conditions attached.
Contract Details
- Value: $8.2 million
- Delivery Period: Next 3 months
- Payment: Full cash payment expected in Q1 2025
- No Additional Conditions: No further material conditions need to be met for the contract
Background
This contract marks the largest order from this European military customer, following three previous standalone contracts totaling approximately $3.9 million between March and October 2024. The contract is a significant endorsement of DroneShield’s capabilities, especially given the increasing threats posed by drones in military environments.
CEO Statement
Oleg Vornik, CEO of DroneShield, commented on the contract:
“Larger orders of this type from repeat customers of this calibre are a validation that DroneShield products are meeting the challenge set by sophisticated military customers. As the threat of drones increases across the entire battlespace, militaries need broader packages like this one.”
He also emphasized DroneShield’s unique position in the market, stating that the company is globally distinct in its ability to provide a comprehensive ecosystem of dismounted, vehicle, and fixed systems that are integrated seamlessly.
Significance
The contract further establishes DroneShield’s reputation as a key player in the counter-drone technology space, positioning the company to secure additional orders from this and similar high-profile customers in the future.
