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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.