BST – Boresight Limited

Boresight is an Australian defence technology company headquartered in Fyshwick, ACT, with operations in Huntsville, Alabama, and teams supporting customers across Australasia, North America, Europe and the Middle East. The company develops integrated aerial target drone systems used for counter-uncrewed aerial systems training and testing by defence forces. Its offering combines attritable aerial target drones, mission planning software and scalable ground control systems designed to replicate evolving drone threats and support operational readiness.

Boresight’s business is focused on addressing the growing need for realistic, repeatable training against low-cost drones used in modern conflict. Its platform range includes quadrotor and fixed-wing aerial targets that allow defence customers to conduct threat emulation and counter-drone testing without relying on high-value intelligence, surveillance and reconnaissance assets. The company serves defence partners globally through a combination of engineering, production and training infrastructure capabilities.

Boresight has lodged a prospectus for an initial public offering on the Australian Securities Exchange, seeking to raise approximately $8 million before costs through the issue of 40 million new shares at $0.20 per share. The company intends to use the IPO proceeds primarily to increase manufacturing capability, including expanding its existing Fyshwick facility, leasing a larger facility in Huntsville, Alabama, increasing production capacity, and adding personnel to support growth.

It is anticipated that BST will list on the ASX during June 2026.