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

The DroneShield Ltd (ASX: DRO) share price is running hot today following the company’s record quarterly results.

At the time of writing, the defence contractors’ shares are up 5.8% to 18 cents. In comparison, the All Ordinaries Index (ASX: XAO) is up 0.1% to 6,856 points.

Quick take on DroneShield

DroneShield is a global leader in drone security technology. The company designs and develops detection systems that use specialised technology to protect people, organisations and critical infrastructure.

Its multi-layered products are centred around on detection and disruption from unmanned aerial systems (UAS).

What did DroneShield announce?

In this morning’s ASX release, DroneShield advised that it has achieved a record fourth…