The DroneShield Ltd (ASX: DRO) share price is catching the eye of investors again on Tuesday.
In morning trade, the counter drone technology company's shares are outperforming the broader market by some distance.
At the time of writing, the DroneShield share price is up 6% to $3.32.
This compares favourably to the performance of the benchmark ASX 200 index, which is up 0.2% to 8,743.1 points on Tuesday morning.
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Why is the DroneShield share price charging higher?
Investors have been fighting to get hold of the company's shares today after it announced its third contract win in as many weeks.
In the middle of December, DroneShield announced a new contract worth $49.6 million with an in-region European reseller that is contractually required to distribute the products to a European military end-customer.
This contract was for handheld counter-drone systems, associated accessories, and software updates. It advised that it expects to complete all deliveries in the first quarter of 2026.
DroneShield then followed this up last week with a standalone contract for $6.2 million from an in-country reseller for delivery to a military end-customer in an Asia Pacific country.
It advised that the reseller is a wholly-owned subsidiary of a multi-billion dollar, global, publicly listed customer that is contractually required to distribute solutions to a major Asia Pacific military government department.
This contract comprises selected 3rd party hardware, interoperable with DroneShield's command-and-control software platform, DroneSentry-C2.
What was today's announcement?
This morning, DroneShield revealed that it has received a contract for $8.2 million from an in-country reseller for delivery to a western military end-customer.
Once again, the reseller is a wholly-owned subsidiary of a multi-billion dollar, global, publicly listed customer. However, on this occasion the reseller is required to distribute the products to the western military government department in-country.
According to the release, the contract is for handheld counter-drone systems, associated accessories and spare kits, and software updates.
DroneShield advised that it has this stock on-the-shelf and expects to complete the delivery prior to end of 2025 or early in the first quarter of 2026.
Cash payment is expected to be fully received during the first quarter of 2026. No additional material conditions need to be satisfied.
Management notes that over the past 7 years, prior to this contract, DroneShield has received 38 contracts from this reseller totalling over $9.6 million. Though, it warns that there are no obligations for any additional contracts from this reseller or end-customer.
