DroneShield shares surge 9% to 1-month high on $500 million U.S. deal

DroneShield's shares surged 9% to a one-month high of A$1.76 following the announcement of a three-year U.S. government contract worth up to $500 million. The contract, awarded to DroneShield under the Indefinite Delivery, Indefinite Quantity (IDIQ) framework, supports the Joint Interagency Task Force 401’s Domestic Shield initiative, which aims to protect defense-critical infrastructure and other high-priority locations from small unmanned aircraft threats.

This significant deal represents a substantial expansion of DroneShield's exposure to U.S. government procurement, following a $24.9 million contract announced in June.

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