The company has received multiple orders from the Australian Government as part of a USD 20 million military assistance package to Ukraine, with a total value to DroneShield of USD 10.4 million, DroneShield said in a press release.
USD 5 million of cash receipts from the USD 10.4 million total was included in the record USD 48.2 million cash receipts YTD to 20 October, announced earlier this week in DroneShield’s latest quarterly 4C release. The remaining cash receipts are expected to be received prior to end of 2023.
”Russian drone attacks on Ukraine have been a regular occurrence since the start of the war. DroneShield is pleased to be supplying our drone detection and defeat systems to Ukraine under this sovereign aid package,” said Oleg Vornik, DroneShield CEO.
