DroneShield Ltd (ASX:DRO) (DroneShield or the Firm) is happy to advise that Hon Richard Marles, Deputy Prime Minister of Australia and Minister for Defence, has visited the brand new DroneShield Sydney facility in mid June.
DroneShield was included into the Australian Authorities’s Ukraine help package deal in late 2023, contributing its quickly deployable C-UAS sensors and effectors, and was roughly half of the overall package deal quantity on the time ($10m out of the $20m complete). Its merchandise are continued for use on the frontlines in Ukraine to cease Russian drones, in addition to a substantive variety of different places globally.
The Firm has moved into the brand new and considerably enlarged premises earlier this yr, with the power at the moment internet hosting roughly 130 employees, together with over 100 engineers, in addition to operations, enterprise and company groups. With a bigger personal manufacturing flooring mixed with rising outsourced manufacturing capability, DroneShield has a present manufacturing capability of roughly $400m every year. All of DroneShield’s R&D and manufacturing is finished in Australia.
Hon Richard Marles, Deputy Prime Minister of Australia and Minister for Defence, commented: “DroneShield is an instance of an Australian high-tech success story, with world-class leading edge native R&D and manufacturing, and rising exports around the globe, with deal with the US.”
Oleg Vornik, DroneShield CEO, commented: “During the last 10 years, DroneShield has develop into a worldwide chief in AI-powered C-UAS options. Critically within the present geopolitical setting, it’s also a big sovereign producer. We’re happy to have had a possibility to transient the Deputy Prime Minister on our operations, and look ahead persevering with to help Australia and its allies with our superior applied sciences.”