Sydney-based DroneShield Ltd has announced it has received a record $33 million order from an unidentified US Government agency. The award consists of DroneShield equipment and multi-year services.
“We’re honoured to receive this award and support this customer. This award is a result of their trust in DroneShield and our solutions, and reflects our commitment to their mission,” DroneShield’s US CEO, Matt McCrann, commented.
“We’re proud of our team’s efforts, the increasing value we’ve delivered to our customers worldwide, and are excited about continuing to support and grow the business as we look towards 2024 and beyond.”
The company expects to receive full payment of the order prior to the end of 2023 and anticipates this year to be another record year 'by a wide margin', following the previous record year in 2022.
The news follows a $9.9 million contract announced earlier this month with another customer among the Five Eyes community, which CEO Oleg Vornik described at the time as "the largest long-term contract received by DroneShield to date".
The contract was a follow-on 2-year R&D contract with a Five Eyes Department of Defence (DoD) following the completion of an original $3.8 million contract announced in June 2021.
"Follow-on contracts are the ultimate customer measure of our performance. As an Australian sovereign industrial capability business, DroneShield is proud and pleased to continue undertaking multi-year contracts of increasing size with this customer," Vornik said of the announcement on 4 July.
"In the current uncertain geopolitical environment, there is a significant focus by the Five Eyes Governments to procure from defence industrial capability champions within their network of countries."
The latest $33 million deal takes DroneShield's order backlog to a record $62 million, with a current pipeline of over $200 million across more than 80 opportunities, the company reports.