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DroneShield Ltd (ASX: DRO) shares were trading more than 3% higher on Tuesday after the company said it had now sold more than 4000 systems worldwide.
The anti-drone technology company said in a statement to the ASX that it had passed the milestone following the receipt of two contracts worth $7.9 million for delivery to the US Department of Defense.
DroneShield has previously received standalone orders from this customer. These repeat orders strengthen DroneShield's position as a trusted provider of mission-critical solutions to address the growing challenge of drone threats on the modern battlefield and the civilian sector.
DroneShield's US chief executive officer, Matt McCrann, said it was an important milestone for the company.
"It underlines the performance and dependability of our solutions in the field, and the trust placed in DroneShield by those who rely on them," Mr McCrann said.
DroneShield said its handheld solutions formed the cornerstone of its counter-drone portfolio, "which spans dismounted, vehicle-mounted, and fixed-site solutions that fuse multiple sensors and effectors integrated through DroneShield's advanced software".
Together they provide a layered defence architecture enabling operators to detect, track, identify and defeat hostile drones with speed and precision.
The new order is expected to be fulfilled within 30 days. DroneShield shares were 3% higher on the news, at $3.23. At Tuesday's close, the company was valued at $2.74 billion.
