EOS enters US$80m Conditional High Energy Laser Contract
| Stock | Electro Optic Systems Holdings Ltd (EOS.ASX) |
|---|---|
| Release Time | 15 Dec 2025, 8:59 a.m. |
| Price Sensitive | Yes |
EOS enters US$80m Conditional High Energy Laser Contract
- EOS signs binding conditional contract worth US$80m (A$120m) with customer in Korea
- Contract includes manufacture and sale of 100kW High Energy Laser Weapon and establishment of a joint venture
- Contract subject to conditions including initial deposit, letter of credit, and customer satisfaction with EOS' Singapore facility
Electro Optic Systems Holdings Limited ('EOS') has signed a binding conditional agreement ('Contract') with a customer in the Republic of Korea ('Korea') with a total value of US$80 million (approx. A$120 million). If the conditions are satisfied, the Contract would involve the manufacture and sale of a 100kW High Energy Laser Weapon ('Product'), the establishment of a joint venture between EOS and the customer to develop and supply the Korean market with 100kW High Energy Laser Weapons ('Korean Joint Venture'), and the licencing of intellectual property relating to 100kW High Energy Laser Weapons for the Korean market to the Korean Joint Venture ('Licence'). The conditions of the Contract include the payment by the customer of the initial deposit (US$18 million), the customer procuring the issuance of a Letter of Credit for the remaining amount of the contract, and the customer inspecting and being satisfied with EOS' Singapore Facility. Subject to satisfaction of the conditions, the Contract is expected to be fulfilled after scheduled delivery of the Product to Korea at the end of 2027, and subsequent demonstrations. EOS is a global leading provider of counter-drone capability, using kinetic weapons, interceptors, rockets and high energy laser weapons to defeat drones.
The total amount payable to EOS under the Contract is US$80 million (approx. A$120 million). The consideration due under the Contract is payable after establishment of the Korean Joint Venture and achievement of Product demonstration performance milestones.
This Conditional Contract represents EOS second export order for a 100kW class laser defence system and follows a first export order to a Western European customer, announced on 5 August 2025.