DroneShield Ltd (ASX: DRO) shares are on the move on Thursday.
In morning trade, the counter-drone technology company's shares are up 1% to $2.86.
Image source: Getty Images
What's behind the move?
It is unclear what is moving DroneShield shares today, but there has been news out of the company this week.
Yesterday, the company announced a strategic partnership with Defenture to accelerate joint commercial opportunities for mobile counter-UAS capability.
Defenture is an innovation-driven company specialising in tactical mobility solutions.
According to the release, a memorandum of understanding (MOU) signing ceremony was held at Eurosatory 2026, which is a global tradeshow for defence and security that brings together key stakeholders from the international ecosystem.
It notes that the MOU will combine DroneShield's counter-UAS hardware, software, command-and-control, and operational support capabilities with Defenture's on-the-move vehicle platform expertise.
The two companies aim to progress a coordinated market deployment roadmap for an air defence and counter-UAS command-and-control solution suited to modern operational environments.
Furthermore, under the MOU, the two parties intend to jointly define, prioritise, and pursue commercial activities, including coordinated go-to-market initiatives, customer engagement, testing activities, interoperability milestones, and selected joint opportunities.
It advised that this includes offering DroneShield's current and next generation counter-UAS systems across Defenture platforms, such as the Mammoth and GRF, as well as the development of layered on-the-move counter-UAS concepts for future customer engagement.
Overall, it believes that as military and security operators across Europe continue to prioritise counter-UAS capabilities, this MOU will provide a pathway for DroneShield and Defenture to pursue joint opportunities that bring together mobility, interoperability, and operational effectiveness in response to evolving drone threats.
Management commentary
DroneShield's chief commercial officer, Louis Gamarra, commented:
Many military customers are looking for scalable and mobile counter-UAS solutions, that can be deployed quickly and operate effectively in dynamic environments. DroneShield's new partnership with Defenture brings together complementary strengths to support that requirement and create a pathway for joint opportunities in key markets.
Speaking about the partnership, Defenture's board member, Roderick Toutenhoofd, said:
By combining Defenture's mobile platform capability with DroneShield's proven counter-UAS technologies, we are better placed to support customers seeking agile, layered protection against evolving drone threats. The evolution of modern drone warfare has made clear that traditional platforms now require UAS protection, and partnering with DroneShield allows us to bring that capability to market in a way that is practical, mobile, and operationally relevant.
