Australia's Droneshield hits over 11-month high on defence contract award

ReutersJul 8, 2025 5:07 AM

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Shares of Droneshield Ltd DRO.AX rise as much as 8.1% to A$2.660, their highest level since mid-July 2024

Stock marks its biggest intraday pct gain since July 1

AI-based platform provider awarded an A$11.7 million ($7.65 million) research contract by existing customer

Around 25.3 mln shares change hands, compared with the 30-day average volume of about 16 mln

Session lifts YTD gains to 240.5%

($1 = 1.5300 Australian dollars)

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