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Asia

DroneShield Strikes Partnership With Defenture to Pursue Joint Commercial Opportunities for Counter-Drone Systems

DroneShield (ASX:DRO) struck a partnership with Dutch defense firm Defenture to pursue joint commercial opportunities for mobile counter-unmanned aircraft system capabilities, according to a Wednesday press release.Under a memorandum of understanding, DroneShield will combine its hardware, software, and operational support capabilities with Defenture's vehicle platform expertise.The partnership aims to advance a coordinated market deployment approach for an air defense and counter-drone system designed for modern operational environments.The companies will coordinate on go-to-market initiatives, testing activities, and interoperability milestones. DroneShield's current and next-generation counter-drone systems will also be offered across Defenture platforms.

ASX:DRO
Asia

DroneShield Produces Pilot Batch of Counter‑Unmanned Aerial System in Europe

DroneShield (ASX:DRO) said it produced the pilot batch of its Counter‑Unmanned Aerial System in Europe, via a contract manufacturing arrangement with a primarily European supply chain, according to a Monday statement.The firm expects further expansion of its European manufacturing operations.

ASX:DRO
Asia

DroneShield Receives AU$25 Million US Joint Interagency Task Force Counter-Drone Technologies Contract; Shares Up 5%

DroneShield (ASX:DRO) received a contract for the supply of mobile and fixed site counter-drone technologies supporting the mission of the US Department of War's Joint Interagency Task Force 401, according to a Tuesday Australian bourse filing.The contract has an initial value of AU$19.3 million, with an additional AU$5.6 million in options of the end-user over a five-year period, the filing said.The counter-drone technologies include hardware, subscriptions, warranties, and services. The contract also requires the company to purchase and install third-party interoperable solutions.Payments will be received for the initial value from second half of the year through the first half of 2027.DroneShield's shares jumped nearly 5% in recent trading on Tuesday.

ASX:DRO
Asia

Australian Shares Flat; Syrah Resources Resolves Offtake Agreement Issues With Tesla

Australian shares were flat with a negative bias on Monday as investors awaited fresh developments on an awaited peace agreement in the Middle East.The S&P/ASX 200 Index was little changed at 8,729.40.Negotiators from the US and Iran are still trying to work out a deal to end the conflict in the Middle East, Reuters reported.Brent crude oil futures rose over 2% to trade around $93 per barrel.On the domestic front, the Westpac-DataX Card Tracker Index continued its gradual decline, falling 1.6 points over four weeks to 153.2 in the week that ended May 23, slightly below the year-to-date average of 154.The headline seasonally adjusted S&P Global Australia Manufacturing Purchasing Manager's Index (PMI) fell to 50.7 in May from 51.3 in April, remaining above the 50-point mark separating contraction and expansion.The Melbourne Institute said its monthly inflation gauge fell in May after two consecutive monthly increases, driven largely by a decline in transport costs, particularly fuel prices.The ANZ-Indeed Australian job ads rose 1.8% month on month in May to a seasonally adjusted 116, following a 3.7% decline over the prior two months.In company news, Syrah Resources (ASX:SYR) said Tesla no longer plans to terminate an offtake agreement with the company after Syrah showed that it is producing conforming active anode material samples. Syrah said it has now "made sufficient progress to cure the alleged default" and is progressing through the later stages of qualification testing approvals with Tesla.DroneShield (ASX:DRO) said shareholders delivered a first strike against the company's remuneration report at its annual general meeting. Around half of shareholders voted against a resolution to adopt the remuneration report at the May 29 meeting.Ventia Services Group (ASX:VNT, NZE:VNT) secured a five-year, AU$133 million contract extension to continue operating and managing the Australian marine complex-common user facility in Western Australia, with the new term commencing in July 2027.

ASX 200ASX:DROASX:SYRASX:VNTNZE:VNT
Asia

DroneShield's Sales Pipeline Disclosure Removal Net Negative for Forecasting Confidence, Jefferies Says

DroneShield's (ASX:DRO) removal of the sales pipeline disclosure represents the loss of a key leading indicator, which is a net negative for forecasting confidence, Jefferies said in a note on Monday.The company's pipeline momentum fell dramatically, with only around AU$6 million of incremental committed orders since April 20 weighing on expectations. Reduced disclosure further reduces forecasting confidence, prompting an around 10% downgrade for the revenue estimates and cuts of 3% to 5% for earnings-per-shares estimates from fiscal 2026 to fiscal 2028.The company's committed revenue pipeline rose to AU$161 million as of May 26, only slightly higher than AU$155 million as of April 20.Jefferies downgraded DroneShield to underperform from hold and cut the price target to AU$2.80 from AU$3.40.DroneShield's shares tumbled 11% in recent Monday trade.

ASX:DRO
Asia

DroneShield Falls After Shareholders Deliver First Strike Against Remuneration Report

DroneShield (ASX:DRO) shares fell nearly 12% in recent Monday trade after it said late Friday that shareholders delivered a first strike against the company's remuneration report at its annual general meeting.Around half of shareholders voted against a resolution to adopt the remuneration report at the May 29 meeting.Under Australia's Corporations Act, a first strike occurs when a listed company's remuneration report receives a "no" vote from at least 25% of shareholders. A second strike has the potential to lead to a re-election of the board.In February, DroneShield adopted new trading and disclosure policies to address the findings of a governance review, which was conducted in response to an ASX letter in November 2025. The letter detailed concerns regarding the company's practices around market disclosure and trading by directors and senior executives.

ASX:DRO
Asia

1414 Degrees Establishes Aerospace, Drone, Defense Advisory Board

1414 Degrees (ASX:14D) established an Aerospace, Drone, and Defense Advisory Board, consisting of six industry experts, to support its newly established Aerospace, Drone, and Defense division on commercialization strategy, growth, policy engagement, and partnership development, according to a Monday Australian bourse filing.The experts include James Walker, a former chief executive of DroneShield (ASX:DRO), and 1414's Chief Technology and Operations Officer, Peter Yaron, who will also serve on the Advisory Board.

ASX:14DASX:DRO
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.Arafura Rare Earths (ASX:ARU): 18.3 million sharesLiontown (ASX:LTR): 9.6 million sharesMedibank Private (ASX:MPL): 9.4 million sharesDroneShield (ASX:DRO): 8.2 million sharesPLS Group (ASX:PLS): 7.2 million shares

ASX 200ASX:ARUASX:DROASX:LTRASX:MPLASX:PLS
Asia

DroneShield Says BlackRock Ceases to Be Substantial Holder; Shares Up 6%

DroneShield (ASX:DRO) said BlackRock and its subsidiaries ceased to be a substantial holder in the company on May 19, according to a Thursday Australian bourse filing.The company's shares rose past 6% in recent Thursday trade.

ASX:DRO
Asia

DroneShield No Longer Required to Lodge Quarterly Activity Reports, ASX Confirms

DroneShield (ASX:DRO) received confirmation from ASX that, effective immediately, it is no longer required to lodge quarterly activity reports and Appendix 4C quarterly cash flow reports, according to a Monday Australian bourse filing.It will now report in line with standard Australian Securities and Investments Commission and ASX reporting requirements, including half-year and full-year financial statements, per the filing.The company's shares fell past 1% in recent trading on Monday.

ASX:DRO
Asia

Australian Shares Drop; Life360 Posts Lower Q1 Earnings, Higher Revenue

Australian shares declined on Tuesday as investors await the May 2026 Federal government budget in Australia, which is expected to change the taxation policy around investments.The S&P/ASX 200 Index fell 0.36%, or 31.10 points, to close at 8,670.70, setting a new 20-day low.Brent crude oil futures rose to around $105 per barrel as the US President Donald Trump said the ceasefire with Iran was "on life support." President Trump is set to visit China this week.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence fell 3.1 points to 64.1 in the week of May 4 to May 10, ANZ reported. The four-week moving average edged down 0.1 points to 65.9 points.Australian consumer confidence fell to near historic lows after the Reserve Bank of Australia raised the cash rate to 4.35%, with broad-based declines led by a sharp drop in household finances despite a slight easing in inflation expectations on lower petrol prices, according to ANZ economist Sophia Angala.Business confidence in Australia rose 5 points to negative 24 in April, driven by partial recoveries in retail, construction, and recreation and personal services, although trend confidence remained strongly negative across all industries and regions, National Australia Bank said.In company news, Life360 (ASX:360) reported first-quarter earnings of $0.03 per share, down from $0.05 a year earlier. Revenue for the three months ended March 31 was $143.1 million, compared with $103.6 million a year earlier. Its shares fell 11% on market close.Santos (ASX:STO) made a final investment decision to proceed with the Agogo production facility tie-in project in Papua New Guinea after the approval by the PNG LNG joint venture to deliver gas from the facility to the PNG LNG gas pipeline. First gas is expected to be produced in the second quarter of 2028.Lastly, DroneShield (ASX:DRO) received a notice from the Australian Securities and Investments Commission (ASIC) asking the company to cooperate with an investigation into market disclosures it made in November 2025. The company said it will lend its full cooperation to the regulator. Its shares fell 10% on market close.

ASX 200ASX:360ASX:DROASX:STO
Asia

DroneShield Says JPMorgan Chase Becomes Substantial Holder; Shares Fall 15%

DroneShield (ASX:DRO) received notice that JPMorgan Chase and its affiliates became a substantial holder of the company on May 7, according to a Tuesday filing with the Australian bourse.JPMorgan Chase now owns 46.2 million shares in the company, representing 5% of the issued shares, the filing said.The company's shares fell around 15% in recent Tuesday trade.

ASX:DRO
Asia

DroneShield Receives ASIC Notice of Investigation Into Market Disclosures; Shares Down 9%

DroneShield (ASX:DRO) received a notice from the Australian Securities and Investments Commission (ASIC) asking the company to cooperate with an investigation into market disclosures it made in November 2025, according to a Tuesday filing with the Australian bourse.The company said it will lend its full cooperation to the regulator, adding that the outcome of the probe is uncertain.DroneShield's shares were nearly 9% lower in recent Tuesday trade.

ASX:DRO
Asia

DroneShield Says JPMorgan Chase Ceases to be a Substantial Shareholder; Shares Fall 3%

DroneShield (ASX:DRO) received notice that JPMorgan Chase and its affiliates are no longer substantial holders of the company from Tuesday, according to a Friday filing with the Australian bourse.JPMorgan Chase and its affiliates became a substantial holder of the company on April 7, with a total voting power of 5.15%, an earlier filing showed.The company's shares fell around 3% in recent Friday trade.

ASX:DRO
Asia

DroneShield Signs Deal for Strategic Collaboration on Counter-UAS Capabilities With Terma, Shares Rise 3%

DroneShield (ASX:DRO) and aerospace firm Terma signed a memorandum of understanding for strategic collaboration focused on advancing layered counter‑unmanned aerial systems (UAS) capabilities, according to a Monday statement.The collaboration will include artificial intelligence‑enabled UAS detection, electronic warfare systems, and command‑and‑control software. It will also establish a framework to validate, build interoperability, and operationalize complementary counter‑UAS capabilities.Its shares rose 3% in recent trading on Monday.

ASX:DRO
Asia

DroneShield's Revenue Revision Blurs Recognition Timing, Raises Pull-Forward Risk, Jefferies Says

DroneShield's (ASX:DRO) first quarter might have been a straightforward update, but instead blurred recognition timing and raised pull-forward risk due to a material revision to revenue for a closed quarter, Jefferies said in a Wednesday note.The company lifted reported March quarter revenue to about AU$74 million from roughly AU$63 million at the April 8 update as a result of customer acceptance occurring after the earlier release."While technically acceptable, revising revenue for a completed quarter weakens confidence in the finality of reported numbers and clouds the distinction between 1Q and 2Q performance, effectively introducing timing noise rather than new demand," Jefferies said.It added that the company's staff expenses declined from the previous quarter despite an increase in headcount, with management pointing to engineer salaries being classified within administrative and corporate costs and noting that this accounting treatment is unchanged."The economics may reconcile, but the disclosure may obscure true cost momentum, in our view," the equity research firm said.DroneShield also reported a FIFA World Cup contract, which offers useful civil application validation and global visibility, but the contract's value is immaterial and is unlikely to move near-term revenue or earnings, Jefferies said.Jefferies lowered its price target on DroneShield to AU$3.40 from AU$3.70 while maintaining a hold rating.Shares of DroneShield were down 4% in recent Thursday trade.

ASX:DRO
Asia

DroneShield Says March Quarter Second Highest Revenue Quarter to Date

DroneShield (ASX:DRO) said that the March quarter was the second highest revenue quarter to date, with a revenue of AU$74.1 million, up 121% from AU$33.5 million in the year-ago quarter, according to a Wednesday Australian bourse filing.The three months ended March 31 was also the highest customer cash receipts quarter on record, with customer cash receipts rocketing 360% year over year to AU$77.4 million.The company's software-as-a-service business contributed 6.9% of the revenue, clocking in at AU$5.1 million during the period and jumping 205% year over year.DroneShield's shares were up nearly 2% in recent trading on Wednesday.

ASX:DRO

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