DroneShield Ltd (DRO.AU) saw its shares soar 5.08% during intraday trading on Tuesday, marking a significant upward movement for the defense technology company.
The surge appears to be driven by the company's announcement of appointing Michael Powell as its new Chief Operating Officer. Powell brings over 25 years of senior executive and operational leadership experience in sectors highly relevant to DroneShield's business, including defense, aerospace, and secure communications.