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DroneShield Limited ( (AU:DRO) ) has shared an announcement.
DroneShield Limited has announced a $13 million investment to establish a new research and development facility in Adelaide, South Australia. This expansion is part of the company’s strategy to enhance its engineering capabilities and support its growth in advanced RF electronics and electronic warfare. The new facility will create approximately 20 high-skilled engineering roles and is expected to be operational by March 2026. This move aligns with DroneShield’s broader expansion efforts, including increasing its annual production capacity and setting up manufacturing operations in Europe and the US, amid rising global demand for counter-drone solutions.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.60 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
More about DroneShield Limited
DroneShield Limited is a global leader in counter-drone and electronic warfare solutions. The company focuses on delivering advanced defense technologies, particularly in radiofrequency electronics and electronic warfare systems. With a strong emphasis on research and development, DroneShield is expanding its operations to meet the growing global demand for counter-drone solutions.
YTD Price Performance: 642.48%
Average Trading Volume: 19,654,148
Technical Sentiment Signal: Buy
Current Market Cap: A$4.97B
Find detailed analytics on DRO stock on TipRanks’ Stock Analysis page.