Advanced Manufacturing, Defence, Manufacturing News, New South Wales

New DroneShield global headquarters

DroneShield has opened its new headquarters which will triple its R&D and manufacturing capacity to more than $400 million in hardware and software per year.

The new site is in Pyrmont, NSW, where the company’s 120 local staff are now based.

The facility includes a dedicated floor for high-tech R&D, engineering and manufacturing to fulfil orders from government, defence and commercial customers in 70 countries.

The headquarters is funded by DroneShield’s recent $115 million capital raise, which positions DroneShield with around $700 million current market capitalisation, as the second largest publicly-listed defence company in Australia.

The new headquarters will enable the company to build up its inventory to support strong demand from high-quality customer opportunities.

This includes a pipeline of over $500 million with more than 90 qualified projects at different stages and $27 million in orders currently being fulfilled.

Oleg Vornik, CEO at DroneShield said this development represents that the threats that drones pose are finally being acknowledged.

“Whether it’s due to the turmoil they can cause on the battlefield, or the countless ways they can disrupt everyday life – at airports, prisons and public events, for example – drone deterrence is now a priority for government agencies and authorities, in Australia and abroad.

“We are seeing a major push for comprehensive counter-drone and counter-UAS capabilities – predominately from the US, but broadly across Five Eyes and allies, and slowly but surely in Australia,” said Vornik.

The 2,000 square metre facility is also equipped for further growth amid soaring demand across military and commercial applications, including airports, stadiums and events.

This includes the scaling of DroneShield’s high-tech engineering and operations teams, with 40 employees to be added in the short term.

This comes as the company accelerates the development of fully sovereign, in-house artificial intelligence (AI) and machine learning (ML) engines and capabilities for enhanced detection and identification of and response to drone threats.

In addition to its global headquarters in Australia, DroneShield operates an office in Warrenton, Virginia, as its U.S. headquarters.

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