Sydney, Jan 9, 2026, 16:54 AEDT — Market closed
- DroneShield ended up 4.4% at A$4.02 after the Australian close
- The move tracked a global bid for defence stocks tied to fresh U.S. spending headlines
- Traders now look to U.S. jobs data and follow-through in defence names into Monday’s ASX open
DroneShield Limited shares ended up 4.4% at A$4.02 on Friday, after the counter-drone tech stock swung between A$3.90 and A$4.09 in the session. Turnover was about 21.3 million shares, more than double Thursday’s volume. 1
The lift came as defence plays caught a fresh bid after U.S. President Donald Trump called for a sharp jump in U.S. military spending, with investors treating the comments as a read-through for the broader sector. Trump also took aim at dividends and stock buybacks — when companies repurchase their own shares — unless weapons output accelerates. 2
Europe’s defence sector leaned into the same trade. The European aerospace and defence index hit record highs, and BAE Systems was among the biggest movers, Reuters reported, a sign the buying was not just a Wall Street story. 3
In Australia, the defence mood has already been visible in peers. Austal jumped 6.4% on Thursday after Trump talked up the bigger defence budget number, according to Investing.com. 4
DroneShield, which sells systems designed to detect and disrupt drones, sits in a niche that has drawn investor money on the back of tighter security needs and expanding drone use. Reuters data lists products such as DroneSentry and DroneGun, and notes the company operates in both Australia and the United States.
Company-specific catalysts are thinner in the immediate term, but investors still have governance and disclosure on the radar after last year’s turbulence. A December ASX filing said the board plans to provide an update on its review of director and executive pay in the company’s next remuneration report, due in February 2026.
But policy headlines can be a fast trade, and DroneShield has shown it can move hard in either direction. “While AI is still hot, there are going to be winners and losers … it’s become a ‘show me’ sector,” said Art Hogan, chief market strategist at B. Riley Wealth, in a U.S. markets note — a reminder that high-multiple names can lose favour quickly when sentiment turns. 5
