News

This expert believes Australia needs to take the risk far more seriously. Justin Olde is in the business of defending against drones. It’s no surprise then that he reckons Australia needs to take the threat from drones far more seriously. Olde is CEO of Boresight, a Canberra based maker of disposable drones. Read More...

Boresight has signed a lease for a new 812 square metre manufacturing facility in Huntsville, Alabama; approximately 15 times the size of its current US site. The three-year lease, with extension options, marks a step-up in Boresight's ability to serve growing US military and industry demand for its aerial target drones, the company claims. Read More...

So far this year 17 companies have debuted on the Australian sharemarket, but only six of them are trading higher since hitting the boards, painting a grim picture for the state of the local IPO market. Even so, major investors such as Regal Partners and Wilson Asset Management are confident the middling performance won’t affect the highly anticipated initial public offerings of homegrown artificial intelligence players Firmus and Sharon AI that are expected later in the year

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/

https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Faviation%2Ftarget-drone-business-boresight-ready-to-list-on-the-asx-to-fuel-its-worldwide-growth%2Fnews-story%2F7062ad3459ffac8841030a310cdfe51f&memtype=anonymous&mode=premium&v21=GROUPA-Segment-2-NOSCORE

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