Historically, the Coalition has been more aggressive in increasing defense spending. Recently, they pledged to raise defense spending to 3% of GDP within a decade, with an immediate increase to 2.5% over the next five years2. This includes investments in advanced military technologies, such as F-35 fighter jets and nuclear-powered submarines under the AUKUS agreement. Shadow Defense Minister Andrew Hastie has emphasized the importance of supporting small and medium-sized enterprises in the defense sector1. This focus could align well with Droneshield’s interests, as it specializes in counter-drone technology.
On the other hand, Labor has also committed to increasing defense spending, but at a slower pace—targeting 2.3% of GDP by 20332. While their approach is more measured, they have prioritized sustainment and modernization of existing defense capabilities. This could still offer opportunities for Droneshield, especially if their technology fits into long-term strategic plans.
Amazing how good AI can be. Personally I believe it's immaterial in the short term and in the long term it's only a small % impact on a long term prospects.
DRO Price at posting:
$1.21 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)