DroneShield Secures $9.7 Million LATAM Order, Marking Key Milestone in Global Expansion

January 06, 2025 03:18 PM AEDT | By Team Kalkine Media

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DroneShield Secures $9.7 Million LATAM Order, Marking Key Milestone in Global Expansion — Image source: shutterstock

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Highlights

Significant Customer Order: DroneShield has received a $9.7 million contract for delivery to a military customer in Latin America (LATAM), marking a major step in its global growth strategy.

First Order from LATAM Reseller: This order, made through a well-established in-country reseller, includes dismounted, mobile, and fixed-site counterdrone systems (C-UxS). It is DroneShield's first transaction with both this reseller and the military customer.

Expected Delivery and Payment Schedule: The contract is set for delivery in the first half of 2025, with approximately 80% of payment expected before shipment and the remaining 20% upon delivery.

DroneShield Ltd (ASX:DRO) has announced a significant $9.7 million contract with a military customer in Latin America, marking a key achievement in the company’s global expansion efforts. The order comes through DroneShield's established LATAM reseller and signals a growing demand for its counterdrone technologies in the region.

This contract highlights the increasing interest in DroneShield’s products in Latin America, a dynamic and diverse market. The order includes a combination of dismounted, mobile, and fixed-site counterdrone systems (C-UxS), tailored to the specific needs of the military customer.

The reseller facilitating the deal is a prominent local entity with over 19 years of experience in sales and successful execution of more than 165 defence-related contracts. They are one of the leading integrators and resellers of advanced technological solutions in the region, including to the relevant government end customer. This contract is the first order DroneShield has received from both this in-country reseller and the military customer, further solidifying the company’s growing footprint in Latin America.

The contract stipulates that delivery and payment will take place in the first half of 2025, with a payment schedule in place: approximately 80% of the payment will be made prior to shipment, with the remaining 20% due upon delivery.

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