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Snagging silver on the week was yet another Runners/ASX debutant in defence technology, Boresight Limited. The company listed on Wednesday after raising $8 million at 20c per share, and it would seem the stock was in tight supply, with it absolutely flying off the shelves on day one. Read More ...

Boresight Chief Executive Justin Olde welcomed the company’s ASX debut, stating he was "very happy" with its opening performance. Watch Video ...

An Australian company making drones for military shooting practice is up more than 160 per cent in its first two days of trading. Watch the Video ...

Boresight has entered the ASX as a defence technology company specialising in aerial target drones, with global military customers, expanding manufacturing operations, and a growing role in modern defence training solutions. Read More ...

In this week’s HotCopper Wire episode, Isaac McIntyre and Jonathon Davidson crack into why Australian traders are rotating into defensive stocks so heavily (who can blame them, really) and the big AI story in the States. Listen to the Podcast ...

An Australian company that makes cheap drones for armies to destroy during training has soared after making its stock exchange debut. Boresight shares were changing hands at 36c on Wednesday afternoon, up 80 per cent from the 20c offer price in its $8 million initial public offering, giving the company a market value of $75 million. “I wouldn’t say we’re surprised at the result,” Boresight managing director and chief executive Justin Olde told AAP. “There was a lot of interes

A Canberra-based drone manufacturer has commenced trading on the Australian Stock Exchange in an $8 million initial public offering. The company issued 209 million shares on 10 June at a listing price of 20 cents in a bid to raise an additional $8 million in capital. Boresight manufactures quadrotor and fixed-wing target drones designed to train counter-uncrewed aerial system (C-UAS) operators and systems and for live-fire evaluations of systems. https://region.com.au/world-l

https://www.manmonthly.com.au/boresight-expands-target-drone-range/

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Canberra-based Boresight Pty Ltd says it has sold more than 5,000 military target drone systems over the past five years, as Western armed forces expand training and testing programs designed to counter the growing use of small unmanned aircraft. In material distributed via Medianet, Boresight described itself as a supplier of small target uncrewed aerial systems (UAS) used to support counter-UAS (C-UAS) training and evaluation. The company is headquartered in Fyshwick, ACT,

A modest Canberra company has emerged as a major exporter of drones, selling them to the US, Canadian, UK and European and Australian defence forces and to major international defence companies such as Northrop Grumman, and Anduril. But these aren’t the kind of drones often seen in imagery from the Ukrainian conflict, zooming in on Russian vehicles and troops then exploding. These are basic drones whose sole purpose in their brief lives is to serve as realistic training targe

Key Facts: Boresight Headquarters: Fyshwick, ACT 2609, Australia US Operations: Huntsville, Alabama Parent company: Criterion Solutions, Canberra Units sold (last five years): 5000+ Markets served: Australasia, North America, Europe, Middle East Military customers: 11 Western armed forces including all four US services Commercial customers include: Northrop Grumman, Anduril, DroneShield, Nammo, QinetiQ JV A Canberra-based manufacturer of military target drone systems has emer

https://www.canberratimes.com.au/story/9217647/how-a-small-canberra-business-went-from-fyshwick-to-alabama/

Original article by Level Peaks - Provision of Uncrewed Aerial Targets for a groundbreaking UK-made Radio Frequency Directed Energy Weapon. - Level Peaks Project Background The UK’s Defence Procurement organisation (DE&S), in partnership with UK’s Defence Science and Technology Laboratory (DSTL), approached Level Peaks with a desire to conduct tests of their new Radio Frequency Directed Energy Weapon (RF DEW) against capable, reliable and expendable Uncrewed Aerial Targets (U

What a week! Land Forces 2024 did not disappoint. Over the 3 days at Land Forces we had the chance to connect with incredible minds,...

Original article by APDR - ASCA invests A$6.6 million in Australian drone technology - APDR Three Australian companies have signed contracts, worth a total of $6.6 million, in the next stage of the Sovereign Uncrewed Aerial Systems (UAS) Challenge being managed by Advanced Strategic Capabilities Accelerator (ASCA). AMSL Aero, Boresight and Grabba Technologies were each selected following a ‘fly-off’ demonstration of their technology in April. Each company has signed a $2.2 mi

Original article by InnovationAus.com - ASCA buys 300 sovereign drones under $6.6m challenge New South Wales-based AMSL Aero, Queensland-based Grabba Technologies, and ACT-based Boresight will use the funds to build production capacity, and to develop their drones to a commercial standard by the end of 2023. ASCA chief Professor Emily Hilder said the challenge had focused on how the accelerator could “use new approaches to accelerate development activities like this and with

Original article by AuManufacturing - Defence invests $6.6m in developing drone technology – AuManufacturing Three Australian companies have signed contracts worth a total of $6.6 million to develop and produce 100 drones for Defence as part of an innovation challenge. The contracts are the latest stage of the Sovereign Uncrewed Aerial Systems (UAS) Challenge being managed by Advanced Strategic Capabilities Accelerator (ASCA). AMSL Aero, Boresight and Grabba Technologies were

Original article by Department of Defence Ministers - $19 million innovation investment to protect our ADF | Defence Ministers The Morrison Government is investing $19 million in Aussie businesses and researchers to develop cutting-edge technologies that could help protect and sustain Australian Defence Force personnel in the field. Minister for Defence Industry Melissa Price said the nine new Defence Innovation Hub contracts demonstrated Australian industry’s capacity to dr

Original article by APDR - EOS expands live-fire weapon system development activities in Australia - APDR EOS Defence Systems announced the successful live firing of its Titanis counter unmanned aerial system (C-UAS) solution at a private range in Australia. This marks the conclusion of the first stage of the company’s ambitious plan to expand live fire weapon system development activities in Australia. CEO for EOS Defence Systems Grant Sanderson said, “We successfully detect