U.S. Defence to fund DroneShield

U.S. Defence to fund DroneShield product enhancement

Technology



Lisa SimcockMarkets [email protected] September 2020 13:00


CEO, Oleg Vornik
Source: Defence Connect

• The United States Department of Defence will financially back DroneShield (DRO) as it develops the DroneShieldComplete Command-and-Control (C2) system
• The department will provide funding to enhance the DroneShield product, which DRO will work on over the next several months
• Following this period, the department is expected to make multiple purchases of DroneShield's C-UAS equipment, which will run on the enhanced DroneShieldComplete C2
• Significantly, the section of the Department of Defence which awarded the contract is a new customer for the company
• DroneShield is up 16.7 per cent on the market today and is trading for 17.5 cents per share

Drone security company DroneShield (DRO) has received funding from the United States Department of Defense for the development of DroneShieldComplete Command-and-Control (C2) system.
DroneShieldComplete is an intuitive and feature-rich C2 which provides real-time alerting, tracking and reporting information for the native DroneShield, as well as third party sensors.
Significantly, the section of the Department of Defence which awarded the contract is a new customer for the company.
The department will provide funding to enhance the DroneShield product, which DRO will work on over the next several months.
Following this period, the department is expected to make multiple purchases of DroneShield's C-UAS equipment, which will run on the enhanced DroneShieldComplete C2.
CEO Oleg Vornik said he was proud to be working with the United States Department of Defense, one of the most demanding defence customers globally, to ensure the product meets customer requirements.
"Further, this project underscores our leadership not only as a product and sensor manufacturer but also as an integrator of fixed site and mobile C-UAS systems. This contract is a material milestone in cementing our close working relationship with the largest defence customer globally," he said.
"In addition to expected purchases associated with this paid development contract, further orders for other DroneShield solutions are expected as part of developing a
trusted supplier relationship with this customer," he added.
DroneShield is up 16.7 per cent on the market today and is trading