Australia Invests $7B in Counter-Drone Tech

0:00It's April 21st. This is Adelaide News today, powered by AI. I'm Cory with the story. Australia's federal government just announced plans to drop up to $7 billion on counter-drone technology over the next decade. Two companies from Victoria scored the first contracts, with AIM Defense grabbing $21 million to upgrade its laser system, and SYP-AQ, pocketing $10 million for interceptor drones. This push comes straight out of lessons from Ukraine and the Middle East, where drones are changing how wars are fought. Officials say homegrown tech is key, so the defense force can spot, track, and neutralize these threats fast. Word spread quick, and shares in drone shield, and ASX listed anti-drone player, shot up 9% in early trading. Investors see the momentum building in this space. System setup can lock onto objects the size of a 10 cent piece, screaming by at over 100 kilometers per hour. With a laser strong enough to, melt steel, SYP-AQs working on drones that hunt and smash

1:04enemy ones right on the battlefield. As drone warfare heats up worldwide, this investment locks in Australia's edge, pumping cash into local innovation to keep threats at bay.