Newcomer Australian Defense Stock Tops Asia With 388% Surge

A flurry of military contracts has fueled a share surge for DroneShield Ltd., making the Australian drone technology manufacturer the best performing defense stock in Asia.

The stock has jumped 388% in 2025, outpacing regional peers on a Bloomberg gauge focused on defense firms. A string of contract wins with governments in Australia, the US and Europe have boosted its shares, which joined Australia’s benchmark equity index earlier this month.