Electro Optic Systems upgrades FY26 revenue guidance on MARRS acquisition

The news: Defence company Electro Optic Systems (EOS) has upgraded its FY26 revenue guidance to a range of $240 million to $270 million, as it continues to asses the timing for revenue from its MARSS contracts to materialise.

The context: This follows the acquisition of MARSS on 21 May, with EOS intending to utilise the new France-based operations over the next three years.

Since the acquisition, EOS has secured new sales orders, valued at around $160 million, through the MARSS business for product and service deliveries from 2026 through to 2027. However, only around 60% to 80% of the order book for those contracts is expected to translate into revenue during this period.

The renewed revenue guidance assumes no significant deterioration in global supply chains or other factors that could impact the company’s production activities.