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Australia's DroneShield jumps on receiving US defense orders

ReutersSep 17, 2025 3:31 AM

** Shares of DroneShield DRO.AX rise as much as 8.3% to A$3.40, their highest level since August 27

** The defense tech firm receives 2 standalone contracts totaling A$7.9 million ($5.28 million) for handheld systems for delivery to the U.S. Department of Defense

** Shares post biggest intraday pct gain since August 27

** YTD, shares up 322.9%

($1 = 1.4975 Australian dollars)

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