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flag Australian government invests $16.9 million in drone detection systems amid defense sector growth.

flag The Australian government is investing $16.9 million in advanced drone detection and counter-drone systems under Project LAND156, including Ukrainian and Australian technologies. flag Despite securing a $5 million contract, DroneShield's stock fell due to concerns over profitability. flag The project aims to enhance security and innovate within the defense sector, with over $10 billion planned for drone-related investments over a decade.

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