Small cap investors may have been flocking to companies benefiting from global warfare and the rise of drone technology but it’s been awhile since they showed much love for armour manufacturer HighCom (ASX: HCL). But with a major overhaul of their leadership and Board, the tide may be turning for the defence products manufacturer which
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Counterdrone solutions company DroneShield (ASX: DRO) has won a $33 million order from a US Government agency. The order comprises both DroneShield equipment and multi-year services. This significant contract follows a $9.9 million order disclosed earlier this month from another customer within the Five Eyes community. The Five Eyes Department of Defence (DoD) granted DroneShield
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Battling fraud allegations in its US division and initiating layoffs in Australia, ship building company Austal (ASX: ASB) is trying to batten down the hatches. And in that spirit, the Company’s USA arm has locked in a $4.8 billion contract for up to seven T-AGOS 25 class ships—or surveillance ships—for the US Navy. Austal USA
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It’s a bird! It’s a plane! No, it’s a drone swarm and it is declaring war. The Russian invasion of Ukraine made one thing clear: drones are now an integral part of the military arsenal. Low-cost, lightweight and powerful, drones can transform the way countries fight, thus increasing the need for defence drones that can
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How can governments minimise casualties during the war? One solution is to send fewer people. That’s what tech, like drones, enables without compromising safety—which is probably why many countries are jumping on the bandwagon to secure some advanced drones. Just one day after it delivered an over three-million-dollar US government order, defence industry company XTEK
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In the land far away where it would be un-democratic to disallow teenagers to purchase guns and assault weapons, the nation is doubling down and increasing their layer of protection to now include airborne firearms through a major purchase from counter-defence company DroneShield (ASX: DRO). The $1.8 million purchase comes from the US Department of
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