DroneShield (DRO.AX) jumps after US Army Domestic Shield contract up to $500 million
DroneShield says its US unit won a US Department of Defense Domestic Shield contract, with a ceiling value of $500 million; shares rose as much as 11.5% to A$1.74.
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SquawkNews
Sept 30 (Reuters) — DroneShield Limited: Droneshield Awarded Us$500m Us Idiq Procurement Vehicle Awarded Jiatf-401 Domestic Shield Idiq Contract In Us Contract Has Three-year Term With Ceiling Value Of Us$500 Million Idiq Contract Does Not Guarantee Any Orders Or Quantifiable Amounts Further company coverage: DRO.AX (Reuters.Briefs@thomsonreuters.com;)