ParaZero receives purchase order for counter-drone system from defense entity

KFAR SABA, Israel - ParaZero Technologies Ltd. (NASDAQ:PRZO), a micro-cap defense technology company with a market capitalization of $26.11 million, announced Monday it has received a purchase order for its Counter-Unmanned Aerial Systems (C-UAS) solution from an unnamed defense entity.

The aerospace defense company, which specializes in autonomous systems for manned and unmanned aerial vehicles, said the order represents another step in its expansion into the defense market and the counter-drone sector specifically. InvestingPro data shows the company maintains a healthy financial position with a current ratio of 3.87, indicating strong liquidity to support its growth initiatives.

ParaZero’s C-UAS solution is designed to neutralize drones that pose security threats to critical infrastructure, military operations, and public spaces while minimizing disruption during the neutralization process.

"Securing another order from a prestigious defense organization is a strong testament to the trust in our technology," said Ariel Alon, CEO of ParaZero Technologies, in a press release statement.

The company’s product portfolio includes SafeAir, an autonomous parachute recovery system; DefendAir, a counter-UAS net-launching platform; and DropAir, a precision aerial delivery system.

According to market research cited in the company’s announcement, the global anti-drone market was valued at $2.4 billion in 2024 and is projected to grow from $3.1 billion in 2025 to $12.24 billion by 2032, with a compound annual growth rate of 21.62%. ParaZero has shown promising revenue growth of 50.22% over the last twelve months, though InvestingPro analysis reveals 12 additional key insights about the company’s financial health and market position available to subscribers.

The financial terms of the purchase order were not disclosed.

In other recent news, ParaZero Technologies Ltd. has completed a successful field trial of an enhanced version of its DefendAir anti-drone system in Israel. The trial featured a new stationary net turret launcher system, providing 360-degree perimeter defense with fully autonomous operation from threat detection to interception. Additionally, ParaZero’s DefendAir Personal Net Gun System achieved a 100% interception rate during a live demonstration for Israeli security and defense professionals, showcasing its effectiveness against fast-approaching multirotor drones. In another development, ParaZero received marketing approval from Israel’s Defense Export Controls Agency for its DropAir Precision Airdrop System, integrated with Steadicopter’s unmanned aerial platforms. This authorization enables the company to market the joint solution globally across commercial, defense, and humanitarian sectors. Furthermore, ParaZero announced the appointment of Ariel Alon as its new Chief Executive Officer, effective immediately. Alon brings extensive experience from his previous roles in unmanned aircraft systems and related industries. These developments highlight ParaZero’s ongoing advancements and strategic leadership changes in the drone technology sector.

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