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The Sydney-based counter-UAS company has received a multi-million-dollar incentive from the Commonwealth government.
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DroneShield has announced its receipt of a $2 million cash payment, awarded via a grant from the Australian government as an R&D Tax Incentive.
The grant, awarded for DroneShield’s work throughout 2021, represents the largest recorded government incentive since the company’s inception.
Oleg Vornik, DroneShield’s CEO, said the award is a reflection of the company’s continual growth in the counter-UAS space, both domestically and abroad.
“DroneShield appreciates the substantial support it receives from the Australian government, through grants and export support for overseas sales, alongside of our current and under proposal contracts with the Australian Defence Force,” Vornik said.
“At over 40 engineers, DroneShield has grown to be an Australian-based global leader in the artificial intelligence, electronic warfare and adjacent technologies, which are becoming increasingly in demand in current uncertain times around the world.
“This record grant receipt reflects the unique R&D work that we do, here in Australia.”
The announcement of the government incentive comes less than a week after an undisclosed US government agency placed a repeat order valued at approximately $500,000 for DroneShield’s counter-UAS products.
The deal builds on a $2 million contract awarded to DroneShield earlier this year.
DroneShield develops unmanned aerial systems (UAS) and countermeasure platforms, designed to enhance detection and early countermeasure capability.
The firm’s defence products include DroneGun, which provides directional antennas in a lightweight robust rifle style design, featuring a control panel user interface to select and engage the range of jamming frequencies for target defeat.
The company recently partnered with the Australian Missile Corporation (AMC), signing a collaboration agreement aimed at supporting the Commonwealth government’s $1 billion sovereign Guided Weapons and Explosive Ordnance (GWEO) enterprise.
DroneShield is expected to offer its counter-UAS (C-UAS) security and technology, delivered to enhance protection for military, government, law enforcement, critical infrastructure and VIPs across the globe.
The counter-UAS firm is the latest company to join the consortium, building on a growing list of 350 Australian and international partners from the defence and aerospace industries, as well as research institutions and state and territory governments.
[Related: DroneShield secures new counter-UAS order]
