EOS announces $34m of new orders
| Stock | Electro Optic Systems Holdings Ltd (EOS.ASX) |
|---|---|
| Release Time | 23 Dec 2024, 9:29 a.m. |
| Price Sensitive | Yes |
EOS announces $34m of new orders
- Secured $33.7m in new orders, including $13.6m for Counter-Drone Container Based Remote Weapon Systems
- Received $20.1m in orders for remote weapon system spares
- Orders demonstrate EOS' strategic focus on diversifying its product range and customer base
Electro Optic Systems Holdings Limited (EOS) has announced that it has recently secured new orders amounting to approximately A$33.7 million. EOS has received an order for Counter-Drone Container Based Remote Weapon Systems (CBRWS) from a new Western European customer valued at EUR8.2 million (approximately A$13.6 million). The CBRWS will be integrated with a 70mm long-range counter-drone rocket system and are expected to be delivered during 2025. EOS Singapore has also received orders for remote weapon system spares worth SGD17.1 million (approximately A$20.1 million), which are expected to be delivered during 2025 and 2026. These orders demonstrate the benefits of EOS' strategic focus on diversifying its remote weapon system product range and customer base in recent years. EOS' key focus in the coming months will continue to be the development of its order book.