DroneShield has received a follow-on contract for $5.2 million from an in-country European reseller, that is contractually required to distribute the products to a European military customer.
The company has all stock on-the-shelf to deliver this order and will receive cash payment in 4Q25. No additional material conditions need to be satisfied. The contract is for handheld counter-drone systems and associated accessories.
The reseller is a vetted counterparty that DroneShield has worked with for three years. Over this period, and excluding the contract announced on 25 November 2024, DroneShield has received 12 contracts from this reseller totalling over $70 million.
As previously announced to the market, the announcement threshold for received orders in 2026 will increase from the current $5 million (which was based on the $57 million of revenue in 2024) to $20 million, unless there is a further rationale to announce a received smaller order.