• $9.7 million order from major Latin American military customer
• Delivery and payment expected in 1H2025
• First order from in-country reseller and this end customer

DroneShield Limited (ASX:DRO) has announced a significant $9.7 million contract from a major Latin American military end customer, highlighting the increasing demand for the company's products in this dynamic market. The order is through DroneShield's Latin American in-country reseller, an established local entity and one of the leading integrators and resellers of advanced technological solutions in the region, with over 19 years of sales experience and more than 165 successful defense-related contracts. The order is for a combination of dismounted, mobile, and fixed-site counter-drone systems (C-UxS) and represents DroneShield's first order from this in-country reseller and end customer. Delivery and payment are expected to occur in the first half of 2025, with approximately 80% of the payment expected prior to shipping and 20% after delivery. This development marks an exciting step forward in DroneShield's global growth strategy, as the company has spent much of 2024 scaling its presence in the Latin American market and building a substantial pipeline diversified across multiple countries. The company has also recently appointed a dedicated Latin American Sales Director, Carlos Gutierrez, to further drive the company's expansion in this region.

DroneShield expects to receive approximately $7.8 million (80%) of the $9.7 million contract value prior to shipping in the first half of 2025.

DroneShield is focused on further developing its presence in the Latin American market, building on the momentum from this significant contract and the appointment of a dedicated regional sales director.