DRO.ASX: $9.7m Latin American contract

$9.7m Latin American contract

Stock	Droneshield Ltd (DRO.ASX)
Release Time	30 Jun 2025, 8:31 a.m.
Price Sensitive	Yes

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$9.7m Latin American contract for DroneShield

Key Points

$9.7m package of three standalone contracts for a defence end customer in Latin America
Delivery and payment due in Q3-Q4 2025
Follows two previous contracts totalling $10.8m in 2024/2025

Full Summary

DroneShield Limited (ASX:DRO) has announced that it has received a $9.7m package of three standalone contracts for its handheld and on-the-move counterdrone systems. The contracts are with DroneShield's privately owned in-country reseller that is contractually required to distribute the products to a defence end customer in a Latin American (LATAM) country. DroneShield expects to deliver all equipment throughout Q3 and Q4 2025, with cash payment expected in the same timeframe. No additional material conditions need to be satisfied. DroneShield has previously received two standalone contracts from this reseller for this defence customer in December 2024 and January 2025 totalling approximately $10.8 million, with all imports, deliveries, and payments handled on-time and in a highly professional manner. There is no obligation for any additional contracts from this reseller or the customer.

Outlook

DroneShield is anticipating further developments in the Latin American market in 2025 with a substantial pipeline, diversified over multiple countries and customers.