That $100m CR was only a few weeks ago (completed on 22 April 2024) so it cant have been for the inventory they just sold.
Rather, it may be needed to service other contracts, and I wouldn't be surprised if DRO were to supply some of the equipment referred to in the Australian Government (Defence Minister)'s announcement (on 27th of April), of a "new $100 million package of military assistance to Ukraine", which included "$30 million going towards uncrewed aerial systems", and "$50 million for short range air defence systems"! Afterall, the Australian Government previously spent 50% of a $20million budget on DRO equipment that was sent to Ukraine!
https://www.minister.defence.gov.au/media-releases/2024-04-27/australia-continues-stand-ukraine
Ann: DroneShield Awarded $5.7 Million U.S. Government Contract, page-49
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Last
$1.40 |
Change
-0.055(3.79%) |
Mkt cap ! $1.216B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.45 | $1.37 | $10.72M | 7.663M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7167 | $1.40 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 10000 | 1 |
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