DroneShield Ltd (ASX:DRO) (DroneShield or the Company) is pleased to advise that Hon Richard Marles, Deputy Prime Minister of Australia and Minister for Defence, has visited the new DroneShield Sydney facility in mid June.
DroneShield was included into the Australian Government’s Ukraine aid package in late 2023, contributing its rapidly deployable C-UAS sensors and effectors, and was approximately half of the total package amount at the time ($10m out of the $20m total). Its products are continued to be used on the frontlines in Ukraine to stop Russian drones, as well as a substantive number of other locations globally.
The Company has moved into the new and substantially enlarged premises earlier this year, with the facility currently hosting approximately 130 staff, including over 100 engineers, as well as operations, business and corporate teams. With a larger own manufacturing floor combined with growing outsourced manufacturing capacity, DroneShield has a current manufacturing capacity of approximately $400m per annum. All of DroneShield’s R&D and manufacturing is done in Australia.
Hon Richard Marles receiving a brief at the DroneShield facility
Hon Richard Marles, Deputy Prime Minister of Australia and Minister for Defence, commented: “DroneShield is an example of an Australian high-tech success story, with world-class cutting edge local R&D and manufacturing, and growing exports around the world, with focus on the US.”
Hon Richard Marles inside the DroneShield anechoic test chamber
Oleg Vornik, DroneShield CEO, commented: “Over the last 10 years, DroneShield has become a global leader in AI-powered C-UAS solutions. Critically in the current geopolitical environment, it is also a significant sovereign manufacturer. We are pleased to have had an opportunity to brief the Deputy Prime Minister on our operations, and look forward continuing to support Australia and its allies with our advanced technologies.”
Hon Richard Marles receiving product brief in the display area from DroneShield CTO Angus Bean