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Electro Optic Systems Holdings Limited (ASX:EOS)

ALERT: Price-sensitive ASX Announcement for EOS
Current share price for EOS : $10.010 -0.08 (-0.79%)+
Announcement
Release
13 Mar 2026 10:13AM
Price at Release
$10.090
Full Release
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Summary
Electro Optic Systems Holdings Limited (EOS), an Australian company, has announced securing two new unconditional orders for counter-drone systems totaling US$45 million. The first order, valued at US$42 million, involves the Slinger Remote Weapon System to be delivered to an undisclosed customer in the Middle East. This system is intended to bolster defense mechanisms in response to growing regional conflicts. The order requires export approvals from Australia and the US, with production scheduled in Australia for 2026. A second order, worth US$3 million, has been secured by EOS Defense Systems USA with a US defense contractor, also for counter-drone systems, scheduled for delivery in 2026. EOS continues discussions with Middle Eastern governments for further opportunities amid ongoing regional military tensions.
Key Points
  • EOS secures two counter-drone system orders totaling US$45 million.
  • US$42 million order for Slinger Remote Weapon System in the Middle East.
  • The Middle East order is subject to export approvals and is expected for delivery in 2026.
  • A US$3 million order from a US defense contractor for counter-drone integration.
  • Production for both orders will occur in Australia.
  • Discussions with Middle Eastern governments continue for additional contracts.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.