ASX:EOSAerospace & Defense
Electro Optic Systems (ASX:EOS) Is Down 14.4% After Rebutting Short Seller And Clarifying Korean Deal
In early 2026, Electro Optic Systems (EOS) issued a detailed rebuttal to US short seller Grizzly Research’s report, clarifying its cash position, explaining that a disputed US$80 million South Korean high‑energy laser contract is conditional and excluded from its confirmed A$459 million order backlog, and defending the MARSS Group acquisition.
At the same time, EOS signed a collaboration agreement with Turkish defence company ROKETSAN and disclosed a conditional high‑energy laser contract in...