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Droneshield Limited (ASX: DRO) The shares were in good shape in September.
During the month, shares of the anti -drone technology company increased by 41 %.
Why did the droneshield share the rocket last month?
There were many catalysts for this strong benefit.
The first news was that the company’s shares were joining the famous ASX 200 index in the September quarter balance.
Olegging, the CEO of the drone, said why this is important. He said:
We are happy to join the ranks of Australian top companies in S&P/ASX 200. This success reflects the power of our business, the global demand for our anti -drone technology and the strong support of our shareholders. We believe that this milestone will further enhance our contribution with domestic and overseas investors and strengthen our platform for continuous development.
Another reason why investors were buying shares of the dronechild was the release of sales in the middle of the month.
This update has revealed that the company has surpassed 4,000 systems worldwide with the recovery of a package of 9 7.9 million for handheld system to supply the US Department of Defense.
Matt Mac Crane, American CEO of Dronshield, commented:
Transferring 4,000 systems to our team and our customers is an important milestone. This indicates the performance and dependence of our solution in the field, and is confident in the drone shield by those who trust them.
And what?
The big news, which gave shares of the dronelly at the end of the month, was that the European Union was planning to build a drone wall across the eastern border.
Commenting on the news, Bell Potter said:
European Union Defense Commissioner Anders Cobiles says the block will build a “drone wall” along the eastern parts, which will integrate detection, tracking and intervention to counter the United Arab Emirates. After recent violations of airspace, the European Union’s defense ministers agreed to go to the “concrete action”, in which the joint drone detection network is targeted within a year, followed by deep layers over time. More details are expected at Copenhagen and Brussels in EU meetings in early October.
The market is convinced that it has increased well to demand a dronship offer and have been fighting to stop its shares since the news was broken.
So, they have now increased by 23 % in October, which has increased its annual increase to more than 650 %. And now a complete quarter is left!
