DroneShield (ASX:DRO) has secured a two-year AU$11.7 million follow-on research and development contract from an unidentified Five Eyes Department of Defense customer, according to a Tuesday filing with the Australian bourse.
The company said the customer's identity will not have a material effect on its share price or valuation.
Shares of the company rose 5% in recent Tuesday trade and earlier hit a new all-time high.
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.