ASX-listed technology company DroneShield has announced plans to construct a new research facility in Adelaide, South Australia, with an investment of $13 million. This initiative aims to accelerate the development of its next-generation counter-drone products in response to a global surge in drone attacks.
The company, valued at approximately $5.7 billion, has gained recognition for its counter-drone technology, which is currently utilized by Ukrainian soldiers to counter Russian drone assaults. DroneShield’s expansion into South Australia is expected to support critical project development for its global clientele.
Significant Investment in Research and Development
In a market release on Tuesday morning, Angus Bean, the Chief Product and Technology Officer at DroneShield, emphasized the importance of the new facility. “DroneShield’s new research and development facility in Adelaide marks a significant step forward in our commitment to ensuring our technology roadmap is supported by the best engineering minds nationally,” he stated.
The facility will play a crucial role in enhancing the development of next-generation counter-drone and electronic warfare technologies while expanding the company’s engineering footprint. The investment is anticipated to create around 20 high-skilled engineering roles in the city, focusing on radiofrequency electronics, electronic warfare, and systems integration.
DroneShield has seen significant growth in recent years, nearly doubling its workforce to around 400 employees globally within just one year. This expansion comes as the demand for advanced defense capabilities continues to rise.
Local Economic Impact and Leadership
The new facility will be led by Jeff Wojtiuk, a former engineer at Lockheed Martin Australia. His expertise is expected to guide the facility as it develops cutting-edge technologies in a rapidly evolving field.
South Australian Premier Peter Malinauskas welcomed DroneShield’s decision to establish its research and development center in Adelaide. He noted that the move would contribute to the state’s “economic complexity,” reinforcing South Australia’s reputation as the “Defence State.” Malinauskas remarked, “South Australia has been recognised by the Business Council as the best place in the country to do business. We welcome DroneShield making the choice to conduct research and development here in Adelaide.”
The facility is slated to be fully operational by March 2024, positioning DroneShield to further solidify its role in the defense technology sector.
