What Happened
Allen Control Systems Beats Fierce Competition For Domestic Shield Program
Austin-based Allen Control Systems has secured a $500 million contract with the US Army for its anti-drone technology, as part of the Domestic Shield program aimed at improving counter-unmanned aircraft systems for facilities inside the US. The contract win comes amid fierce competition and marks a significant milestone for the startup, which reached a $2.2 billion valuation earlier this year. This development was first reported by the Austin Business Journal.