Why the DroneShield (ASX:DRO) share price is leaping higher today

DroneShield Ltd (ASX: DRO) shares have today leapt 2.9% higher to 18 cents at the time of writing. In earlier trade, the DroneShield share price jumped by as much as 8.6% before pulling back to its current level.

This comes following a positive update released to the ASX this morning, and despite the wider All Ordinaries Index (ASX: XAO) sliding down 0.4%.

What did DroneShield announce?

Investors are today driving the DroneShield share price up after the company reported it had received record new customer purchase orders of $2.8 million for the December quarter to date. Its customer cash receipts also leapt higher, hitting $1.6 million, up from $200,000 in the previous quarter.

In addition, the company revealed it has deployed its…