DRO.ASX: $11.7 million DoD Research Contract

$11.7 million DoD Research Contract

Stock	Droneshield Ltd (DRO.ASX)
Release Time	8 Jul 2025, 12:49 p.m.
Price Sensitive	Yes

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$11.7 million DoD Research Contract Awarded to DroneShield

Key Points

Five Eyes DoD awards DroneShield a follow-on $11.7 million contract
Fourth R&D award with the same DoD customer
Follows successful completion of earlier $9.9 million contract

Full Summary

DroneShield Limited (ASX:DRO) has been awarded a follow-on 2-year R&D contract with a total value of $11.7 million by a Five Eyes Department of Defence (DoD). This follows the successful completion of the earlier $9.9 million contract announced on 4 July 2023 from the same DoD customer. Five Eyes refers to the defence/intelligence alliance between the US, Canada, UK, Australia, and NZ. There are no remaining conditions for the award of the new contract. DroneShield has previously received 3 R&D contracts, including 2 follow-on contracts, from this DoD customer in November 2020, June 2021, and June 2023 totalling approximately $14.4 million. There is no obligation for any additional contracts from this DoD customer. DroneShield confirms that it does not consider the identity of the counterparty/customer to be information that a reasonable person would expect to have a material effect on the price or value of the DroneShield's securities, and the announcement contains all material information relevant to assessing the impact of the contracts on the price or value of the DroneShield's securities, and is not misleading by omission.

Guidance

DroneShield has been awarded a follow-on 2-year R&D contract worth $11.7 million by a Five Eyes Department of Defence (DoD).