DroneShield, the Sydney-based drone defence technology company, has secured a $25.3 million contract in Latin America, marking its largest order yet from a privately owned in-country reseller. This deal follows seven previous orders from the same reseller, totalling approximately $2.9 million over six years, from 2019 to 2025. The latest contract underscores DroneShield’s growing influence in the region’s counter-unmanned aerial system (C-UAS) market.
“With this new contract, DroneShield continues to position itself as one of the preferred C-UAS systems in Latin America,” said Oleg Vornik, DroneShield’s CEO. “As demand continues to evolve, DroneShield is ready to meet the requirements from a region where drones play a key role in modern warfare.”
The contract, awarded to a government defence end customer in Latin America, follows DroneShield’s record-breaking $61.6 million deal in June with an undisclosed European military client. The company has maintained a policy of not disclosing client identities, stating that the reseller’s identity does not constitute material information that would significantly impact its share price.
DroneShield’s rapid growth is evident in its latest financial performance, with revenue surging to $92.9 million in the September quarter, up from $7.8 million a year earlier. This surge reflects a broader trend of increased defence spending driven by deteriorating geopolitical conditions. The Ukraine conflict, in particular, has accelerated the adoption of drones and counterdrone technologies, cementing their role in modern warfare.
The company’s total addressable market opportunity in the civilian sector alone is estimated at $28 billion, highlighting the vast potential for growth. To support this expansion, DroneShield recently announced a $13 million investment in an Adelaide research and development facility, complementing its existing Sydney-based manufacturing and headquarters operations.
DroneShield expects to deliver all equipment required for the Latin American contract over the current quarter and the March quarter next year, with cash payments anticipated in both periods. The company’s stock has seen significant gains, rising 20 cents to $4.03 at 12:27 PM AEDT, following a peak of $6.70 last month after starting the year around 60 cents.
This latest contract reinforces DroneShield’s position as a key player in the global C-UAS market, particularly as drones become increasingly integral to both military and civilian security strategies. The company’s ability to secure large-scale contracts in diverse regions underscores its adaptability and technological prowess in an evolving defence landscape.