Electro Optic Systems secures $64m in new US, Middle East orders
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The news: Defence technology company Electro Optic Systems has announced two orders for counter-drone systems for a total of USD45 million ($64 million).
The context: EOS will receive USD42 million for the sale of its Slinger remote weapon system (RWS) to an unnamed “established customer country in the Middle East”. The Slinger RWS is EOS’ counter-drone cannon-based defence system.
The customer, which requested that its identify remained anonymous due to national security concerns, is a “large, established defence prime contractor with several large-scale government and export contracts”, EOS said.
It plans to use the RWS to strengthen defence systems in light of escalating regional conflicts in the Middle East.
The order is subject to customary terms and required export approvals to be obtained in Australia and the US. The systems are expected to be manufactured in Australia and delivered during 2026.
EOS also secured an order of USD3 million for a counter-drone weapon system for a “large established US Defence customer”. The customer requested the final product, customer and end-user not be named due to the sensitive nature of the order.
EOS said it is continuing discussions with “several Middle Eastern governments” about advanced counter-drone systems, saying the current conflict “may accelerate those opportunities”.
The source: ASX
