Forbes Australia new article on DroneShield today.
News is trending. More info in the article below.
DroneShield expands to Europe amid $1.4 trillion ReArm push
Australian counter-drone tech firm DroneShield is setting up shop in Europe as demand for modern warfare defence systems surges.
Key Takeaways
- DroneShield (ASX: DRO) will open its first manufacturing and assembly facility outside Australia, as part of a major European expansion.
- The move aligns with the EU’s €800 billion (A$1.4 trillion) ReArm Europe plan to strengthen regional defence capabilities.
- Europe has now overtaken the US as DroneShield’s largest export market, with over A$500 million in potential opportunities.
- DroneShield tech has played a frontline role in Ukraine and is increasingly using AI to identify, track, and classify drone threats.
- DroneShield – often described as a “meme stock” – has enjoyed a 2.6-fold increase in share price since hitting 52-week lows in February.
The new facility will include at least 65% European content for specific hardware lines, opening the door for further contracts under local content rules.
It follows DroneShield recently completing an $8.2 million order with a major European military customer for dismounted and vehicle-mounted counter-unmanned (CUxS) systems, its fourth successful order from the customer. The company’s ongoing experience makes it an ideal fit to support Europe’s renewed defence efforts, according to CEO Oleg Vornik.
“Establishing a robust European supply chain to support equipment sold in the region will strengthen sovereign capability, while DroneShield’s experienced Australian software development team
Big number
A$500 million – That’s the total value of European opportunities DroneShield is currently targeting, spanning dozens of potential deals.
Tangent
DroneShield’s growth comes as Australia itself ramps up its own defence manufacturing push. The company’s Australian facilities exported 91% of their output in 2024, and with national defence spending projected to hit $100 billion by FY34, DroneShield is positioning itself as a pillar of the Future Made in Australia vision.
DroneShield announces plans to expand Australian assembly facilities, European operations, page-18
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