Last year, NIA announced DroneShield (ASX: DRO) as its first ever defense sector stock suggestion at $0.20 per share. NIA predicted that DRO would win large U.S. government contracts.
One month ago on July 15th, DRO received its largest order in history, a $33 million contract from a U.S. government agency. DRO expects to receive full payment of the order prior to the end of 2023 and anticipates this year to be another record year, by a wide margin, following the previous record year in 2022.
Separately, DRO received a $9.9 million order last month from another customer among the Five Eyes community. DRO has a current order backlog (committed orders in the process of fulfilment) of a record $62 million, with a further $200 million+ in potential business that they are working towards winning in the future spread across over 80 opportunities.
Two weeks ago, DRO announced an initial order for its newly launched target area-specific Satellite Denial Systems, which are used to block multiple Global Navigation Satellite Systems (GNSS) around the world including the U.S. GPS, the Russian GLONASS, the Chinese BeiDou, and the European Galileo.
Currently, DRO is trading for $0.315 per share for a gain of 57.5% since NIA's suggestion.
It would not be surprising for DRO to surpass its January high of $0.42 per share within the next twelve months.
Obviously, DRO won't gain nearly as much as the highest quality gold exploration stocks in top ranked jurisdictions like Nevada that have the best assets and most experienced management teams, but DRO is one of the only stocks in the world with the capacity to rise over the next twelve months as the S&P 500 and NASDAQ crash by 30-50% from their current levels.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.
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