DroneShield Taps Rebecca Lowde as CFO While RfRecon Books Its First European Military Order
Published on 09/24/2026 at 14:20 | Editorial boerse-global.de
DroneShield has named Rebecca Lowde as its next Chief Financial Officer, a board decision dated 10 September that puts her in the seat from 2 November 2026. The appointment lands as the Australian counter-drone specialist tries to convert a swelling order book into revenue it can actually bank.
A Backlog That Clears the Company's Own Bar
Contractually secured revenue for FY2026 stands at $251 million, enough to land inside DroneShield's own guidance range for the full year. A further $46 million is locked in for FY2027 and beyond.
The headline guidance figure tells a more complicated story. For calendar 2026 the company projects revenue of AUD 250 million to 270 million — well short of the roughly AUD 323 million analysts had penciled in. Europe remains the dominant market, contributing about 52% of first-half revenue.
Large contracts tied to partners including Anduril, Nokia and COBBS have yet to be booked as firm revenue. In its first-half report roughly a month ago, DroneShield posted a 74% revenue jump to AUD 125.8 million alongside an adjusted EBITDA loss of AUD 12.4 million.
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RfRecon Finds Its First Buyer
A Western European military customer — an existing forces client — has placed the first order for the RfRecon reconnaissance system. Management calls the financial value immaterial but attaches substantial strategic weight to the product for the years ahead, with sales expected to accelerate through 2027.
The long-term addressable global market for the technology is put at USD 1 billion to 3 billion annually. RfRecon has already been placed with select end users in Europe and the US and deployed during a major international defense exercise. The first delivery to the Western European customer is scheduled before the end of 2026.
Adelaide Opens a Fourth Development Front
South Australia's Minister for Defence and Space Industries, Chris Picton, cut the ribbon on a new DroneShield research center in Adelaide. The site adds dry labs and development space for electronic warfare, embedded systems, software and sensors, complementing existing facilities in Sydney. CEO Angus Bean framed Adelaide as Australia's technology and defense hub.
The company is also broadening its technology stack. More than a month ago it announced a partnership with AIM Defence to integrate that partner's Fractl high-energy laser into its layered counter-drone architecture. On the community side, DroneShield is backing the 3 Wing Australian Air Force Cadets, a program aimed at leadership skills, technical education and hands-on training for young recruits.
US Vehicle Installations Move Forward
DroneShield confirmed on 18 September that counter-drone systems have been installed on US military vehicles, a deployment the company highlighted on its investor relations page. The equipment is designed to shield mobile operations from unmanned aircraft.
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The work builds on earlier milestones. About a week before, the company reported completion and acceptance of DroneSentry-X Mk2 counter-drone units on US military vehicles under contract JIATF-401.
Two Analysts, Two Very Different Price Targets
The market's read on DroneShield remains split. Bell Potter carries a buy rating with a target of AUD 2.40, while Jefferies recommends selling and sees the stock at just AUD 1.45.
In German trading the shares changed hands at EUR 1.00 on the day, down 1.9%. The stock has shed 44% since the start of the year, with a 44.2% decline logged since the AIM Defence tie-up was unveiled and a 3.8% slide since the JIATF-401 acceptance was disclosed. What happens next hinges on whether RfRecon trials and initial orders grow into large-scale contracts capable of closing the gap to original market expectations.
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DroneShield Stock: New Analysis - 24 September
Fresh DroneShield information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
