DroneShield (ASX:DRO) has won a A$24.9 million US JIATF-401 counter-drone contract, with at least A$10 million booked as FY2026 Committed Revenue.
Defence Stocks
IperionX (ASX:IPX) titanium fasteners beat Grade 8 steel by 20% in US Army DEVCOM testing, validating the powder-to-product pathway.
Elsight (ASX:ELS) has landed a US$2m follow-on order from a US public safety customer, more than 4x the initial January ticket size.
1414 Degrees (ASX:14D) is buying scale-up equipment for its SiNTL silicon anode and starting full-stack drone battery cell development.
KTEK Aerosystems (ASX:KTK) resumes drone component deliveries with a A$500k shipment and targets a 150-unit monthly run-rate within five months.
Metal Powder Works (ASX:MPW) extends its Westinghouse development partnership into a third phase, validating DirectPowder for advanced nuclear applications.
Codan (ASX:CDA) acquires Adaptive Dynamics IP for A$21m, adding anti-jamming and electronic warfare capability to DTC Communications.
Vection Technologies (ASX:VR1) books A$1.1m in fresh defence and Algho AI orders, lifting its cumulative Defence Programme to roughly A$30.6m.
Electro Optic Systems (ASX:EOS) has closed the MARSS acquisition, lifting its order book towards A$726m and shifting focus to 2027 margin delivery.
IperionX (ASX:IPX) commissioned a 300-ton SACMI powder metallurgy press in Virginia, tripling capacity and reshaping the customer conversion timeline.
