DroneShield Unit Secures $500 Million Three-Year US Defense Contract

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DroneShield (ASX:DRO) said its US subsidiary secured a three-year Joint Interagency Task Force 401 (JIATF-401) domestic shield indefinite delivery, indefinite quantity contract with a ceiling of $500 million, according to a Wednesday filing with the Australian bourse.

The contract enables the company to compete for future orders to deploy counter-unmanned aircraft systems across US homeland defense, but does not guarantee any orders or revenue, per the filing.

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