DroneShield Ltd (ASX: DRO) shares have continued to slide over the past month.
During this time, the counter-drone technology company's shares have lost almost 20% of their value.
But that doesn't reflect a lack of progress from the company. In fact, there have been a number of announcements over the period.
And one that could have flown under the radar from this week relates to its European operations.
Let's take a closer look at what the company has announced.
Image source: Getty Images
What did DroneShield announce?
On Tuesday, DroneShield announced the launch of a strategic supply chain campaign in Poland, which aims to strengthen local industry engagement and support the delivery of next-generation sovereign and allied counter-drone capability across Europe.
The company revealed that the campaign will see DroneShield expand engagement with Polish manufacturing and technology partners to drive a more resilient and scalable supply chain.
This is aligned with growing European demand for counter-uncrewed aircraft systems (CUAS).
DroneShield advised that the initiative is intended to support European military, public safety, and critical infrastructure customers that are seeking proven counter-drone solutions with strong local industrial participation.
The campaign is being timed to coincide with the release of DroneShield's accompanying European supply chain expansion document. This document will outline its approach to working with Polish partners across areas including advanced manufacturing, subsystem supply, electronics, testing, sustainment, and capability integration.
'An important strategic market'
Commenting on the plans, DroneShield's Europe-based technical and supply chain manager, Ciaran Mannion, said:
Poland is an important strategic market for DroneShield and a natural fit for deeper industrial collaboration. This campaign reflects our commitment to working with capable local partners to support European requirements with proven counter-drone technology, responsive delivery, and sovereign capability.
As demand for counter-drone capability continues to grow, customers are increasingly looking for trusted suppliers who can combine world-class technology with strong local industrial support. Our Polish supply chain campaign is designed to help meet that need.
The company notes that the Polish supply chain campaign forms part of its broader international growth strategy. It reflects DroneShield's focus on building durable partnerships in priority markets where national security, defence modernisation, and critical infrastructure protection remain key policy and procurement priorities.
Despite recent share price weakness, DroneShield's shares are still beating the market over the past 12 months. During this time, they have generated a 41% return for investors. So, it isn't all doom and gloom.
