ASX:EOSAerospace & Defense
Electro Optic Systems (ASX:EOS) Is Up 18.5% After Major Middle East Counter-Drone Wins And New Debt Capacity – Has The Bull Case Changed?
Electro Optic Systems Holdings recently secured multiple unconditional counter-drone contracts worth up to US$45 million from long-standing Middle Eastern defence customers, expanded its credit facilities by A$100 million, and reported a record order backlog with deliveries stretching into 2026.
At the same time, the company is reshaping itself from a hardware maker into an integrated counter-drone and laser systems provider, while tightening ASX disclosure practices and managing capital...