DroneShield stock slides again as ASX traders weigh U.S. contract against ASIC overhang
DroneShield shares closed at A$2.780 on Tuesday, down 2.8%, as investors weighed a new A$24.9 million U.S. counter-drone contract against an ongoing ASIC investigation and past governance concerns. The stock underperformed the broader ASX market. Trading had not resumed as of early Wednesday in Sydney. At least A$10 million from the contract is expected as FY2026 revenue.