Electro Optic Systems Holdings Limited (ASX: EOS) Secures A$34 Million in New Orders
New Orders Overview
Electro Optic Systems Holdings Limited (ASX: EOS) has secured new orders totalling approximately A$33.7 million. This encompasses an order for Counter-Drone Container Based Remote Weapon Systems (CBRWS) worth EUR8.2 million (approximately A$13.6 million) from a new customer in Western Europe. The CBRWS will feature a 70mm long-range counter-drone rocket system, with deliveries expected in 2025.
Additionally, EOS Singapore has received orders for remote weapon system spares valued at SGD17.1 million (approximately A$20.1 million). These orders are anticipated to be delivered during 2025 and 2026.
Strategic Focus and Future Outlook
These new orders reflect EOS’ strategic objective of diversifying its remote weapon system product range and expanding its customer base. The company is prioritising the development of its order book in the upcoming months.
This announcement has been authorised for release by the Board of Directors of EOS.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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