drone shield (ASX:DRO) announced $8.2 million worth of reorders from major military customers in Europe. The contract includes the provision of dismounted and vehicle-mounted counter-drone (Counter-UxS) systems, which are expected to be delivered within the next three months, including existing inventory. The all-cash payment is expected to be made in the first quarter of 2025.

CEO Oleg Volnik said, “This type of large order from a repeat customer at this level proves that DroneShield products meet the challenges set by advanced military customers.” I commented.

DroneShield specializes in AI-based platforms for defense against advanced threats, serving military, government, and critical infrastructure customers around the world.

The stock price was flat at 70 cents. Year-to-date, it is up 84.21%.