ASX:EOSAerospace & Defense
Why Electro Optic Systems Holdings (ASX:EOS) Is Up 53.7% After Securing US$80m Korean Laser Deal
Electro Optic Systems Holdings recently announced a binding conditional agreement with a South Korean customer worth about US$80 million (around A$120 million) to supply a 100kW high-energy laser weapon system, with delivery scheduled by the end of 2027 and several regulatory and technical conditions still to be satisfied.
The deal includes forming a long-term joint venture in South Korea and licensing EOS’s laser technology, creating a local manufacturing foothold and potential recurring...