DroneShield Ltd (DroneShield) has announced a $9.7 million order from a major Latin American military customer, signaling a significant milestone in the company’s global expansion strategy.
Key Contract Details:
- Value: $9.7 million.
- Customer: A military end-user in Latin America, through an in-country reseller.
- Delivery Timeline: 1H2025.
- Payment Terms:
- ~80% payment expected prior to shipping.
- ~20% payment after delivery.
Contract Overview:
The order comprises dismounted, mobile, and fixed-site counter-drone systems (C-UxS), reflecting the growing demand for advanced counter-drone technology in the Latin American defense sector.
The in-country reseller is a well-established integrator of advanced technological solutions, with a track record of executing over 165 defense-related contracts over 19 years, including those with the relevant government. This marks the first collaboration between DroneShield, the reseller, and the military end-user.
CEO Commentary:
DroneShield CEO, Oleg Vornik, stated:
“This contract is a testament to our growing presence in the Latin American market. Throughout 2024, we’ve made significant strides in scaling our LATAM operations and building a robust pipeline across multiple countries. The appointment of Carlos Gutierrez as our dedicated LATAM Sales Director reinforces our commitment to this dynamic market. We anticipate continued growth and development in 2025.”
Strategic Implications:
This contract underscores DroneShield’s expanding footprint in Latin America and its ability to deliver advanced counter-drone and electronic warfare solutions to diverse markets. The deal highlights:
- Market Growth: Latin America represents a key growth market with increasing investment in counter-drone and defense technologies.
- Diversification: The order reflects DroneShield’s capability to supply products across terrestrial, maritime, and airborne platforms.
- Pipeline Development: The appointment of a dedicated LATAM Sales Director enhances regional focus and positions the company for future opportunities.
About DroneShield Ltd:
DroneShield (ASX: DRO) specializes in AI-driven counter-drone and electronic warfare solutions tailored to military, government, law enforcement, and critical infrastructure applications. With a growing customer base across global defense and security sectors, DroneShield continues to innovate and expand its suite of products to address emerging threats.
This latest order is a strong indicator of DroneShield’s strategic focus on international markets and the increasing global demand for its cutting-edge counter-drone technologies.
