DroneShield Ltd has received an order in total amount of approximately $1.1 million from a high profile Government customer from a Five Eyes country.
This new contract, placed by an existing customer, represents a follow up order from previously announced orders (refer to ASX announcements dated 9 March 2020 and 15 March 2021). Additional follow up orders are currently being discussed, with the amounts to be confirmed. The value of the current order is expected to be received during the current quarter 2Q21 and accordingly will be included in the total customer receipts in the Appendix 4C cash flow report for this quarter.
Oleg Vornik, DroneShield’s CEO, commented, “This rapid sequence of increasing repeat orders is precisely the right position to be in our industry, following initial lengthy periods of educating the end users on the merits of our offering and undergoing military and Government procurement processes. This is a testament to the world class performance of the DroneShield products, and strongly positions us as these end users are commencing larger deployments of counter-UAS systems.”