Oleg Vornik, CEO of Australian company DroneShield, is only too happy to help combat Vladimir Putin’s forces.
Oleg Vornik was 15 years old when Vladimir Putin began his rise to power and says even back then the writing was on the wall.
Now based in Sydney, Vornik is the chief executive of the Australian defence technology firm DroneShield, which supplies counter-done equipment to Ukraine to help fight his country of birth. Ukraine has been equally innovative. It uses cheaper, smaller drones to scout for targets. More recently, it released footage showing unmanned vessels striking a Russian warship on the Black Sea. Kyiv is also widely believed to be behind anonymousThe use of drones is so rampant, the London think tank RUSI estimates Ukraine loses around 10,000 per month.
The company designs and manufactures in Australia, but about 80 per cent of orders come from the US. A $33 million order in July set the ASX-listed company on course to report a profit for the first time in its eight-year history.Despite the higher costs of manufacturing in Australia – the cheapest DroneShield costs as much as a small car –he says supplier trust is important.
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