DRO 7.39% $1.09 droneshield limited

Ann: Trading Halt, page-65

  1. 441 Posts.
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    I was just musing on the possibilities here, everyone has been focused on the middle east deal, but we've also seen the Australian Government recently announce an increase to their defence budget of 70 Billion over the next 10 years.

    The Department of Defence has made more than one purchase already, so you could infer they are satisfied with the product thus far.

    It wouldn't be a huge leap to imagine that they are now in position to commit to a much larger order across multiple product lines, something that might need a rapid up-scaling of production capability. Add to this they will be wanting to try and support domestic business also and it would make further sense.

    The increased budget was announced in July, so potentially the timescales could marry up...

 
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