ASX:DROAerospace & Defense
DroneShield (ASX:DRO) Is Up 15.9% After Joining Defence Counter-Drone Panel Has The Bull Case Changed?
Last week, DroneShield announced it had been selected for the Australian Department of Defence’s Project LAND 156 Line of Effort 3 standing offer panel, giving it a pathway to supply counter-drone hardware, software and services to around 150 Defence bases and other government sites.
An important nuance is that this panel position streamlines Defence procurement without guaranteeing any contracts, so future tender conversions and cash flow remain uncertain despite the sector’s A$1.30 billion...