DroneShield scores $33M contract with US Government agency

Sydney-based Business news Australia has reported that Australian company DroneShield has won its second major international contract in the space of two weeks. The company’s latest deal with an undisclosed US Government agency is for DroneShield equipment and ongoing services and worth $33 million.

DroneShield’s order backlog now stands at a record $62 million, with an identified pipeline worth more than $200 million across some 80 opportunities.

“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,” says DroneShield US’s CEO Matt McCrann.

“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 news follows a $9.9 million contract announced on 4 July with a Five Eyes Department of Defence (DoD), which at the time was described by CEO Oleg Vornik as the largest long-term contract received by DroneShield to date.

“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,” Business News Australia reported Vornik as saying at the time.

“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.”