Australian Minister for Defence Industry and Capability Delivery Pat Conroy recently opened DroneShield’s new Sydney headquarters marking a significant milestone for the company. The company said “this is a reflection of our growth and the continued development of our world-leading counter-drone technology, which plays a crucial role in modern security and defence efforts globally”.
Founded in 2014, DroneShield started in a small office with just a handful of staff. The company has continually focused on developing cutting-edge counter-drone technologies that protect people, assets, and infrastructure from the rapidly evolving threat of drone-based attacks. Today, the company employs around 250 people in Sydney, including 200 engineers, and a commitment to maintaining a predominantly Australian supply chain. This approach allows the company to not only create cutting-edge technology, but also contribute to the local economy and the Australian defence industry ecosystem.
As Minister Conroy said in his official remarks during DroneShield’s Office Opening, “The fact that you’re in the defence industry, the fact that you get up every day and make the world a safer place, is an even greater contribution to this country. We’ve got about 100,000 people who work in the Australian defence industry, and I’m looking at about 200 of them right here in front of me today.”
DroneShield’s technology is trusted by Tier 1 military, law enforcement, intelligence, and border security customers in over 70 countries around the world. Over 1,000 DroneShield units are currently deployed in Ukraine, where the company’s equipment is actively saving lives in one of the world’s most challenging conflict zones.
The company benefits from an annual manufacturing capacity of $500 million, enabling it to continue to scale and meet the growing demand around the world for counter-drone technologies. The company’s success is bolstered by 30,000 Australian shareholders, many of whom are small retail investors.
In addition to its Sydney headquarters, the company has a growing presence in the United States, with an office in Virginia and a team of approximately 20 staff servicing its largest market. We have teams across Europe, Latin America, and the Middle East, ensuring the company remains close to customers and at the forefront of global security challenges.
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Wonder why then the share price isn’t as yet back to what it was..?