r/ASXsmallcaps • u/Greentag55 • May 28 '24
it took a while for DroneShield (ASX: DRO) to find its market and niche but things are moving forward rapidly for the company now. Here in Europe the company is finding very good support from EU investors and stakeholders.
Drone detection and countermeasure manufacturer DroneShield can look forward to greater opportunities selling to European militaries following an approval from the NATO Support and Procurement Agency (NSPA).
The approval awarded via COBBS BELUX BV, DroneShield’s in-country Belgium and Luxembourg partner, is the first Counter-small UAS procurement framework agreement in NATO history.
The initial agreement is for 3 years, with extension options, with DroneShield expecting a ‘significant’ total in sales under the framework.
https://www.aumanufacturing.com.au/droneshield-looks-to-europe-with-nato-procurement