DroneShield Secures $24.9M Contract with US Joint Interagency Task Force 401
Key points
- Contract worth $24.9M to supply counter-drone solutions
- Initial payment of $19.3M expected in H2 2026 and H1 2027
- Additional $5.6M in options available over 5 years
- Contract supports growing demand for drone threat mitigation
Full summary
DroneShield Ltd. (ASX:DRO) has announced a significant $24.9 million contract with the US Joint Interagency Task Force 401 (JIATF-401) to supply mobile and fixed site counter-drone solutions. The contract, with an initial value of $19.3 million, includes options for an additional $5.6 million over a five-year period. The solutions will include DroneShield hardware, subscriptions, warranties, and services, with deliveries planned for 2026 and 2027. The contract highlights the increasing demand for counter-drone capabilities and reinforces DroneShield's role in protecting against emerging aerial threats.
Guidance
At least $10 million of the initial $19.3 million contract value is expected as Committed Revenue for FY2026.
Outlook
The contract underscores DroneShield's continued growth in the US market and its ability to deliver scalable counter-drone solutions, aligning with increasing awareness of drone threats.
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