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Sparks commentary - Electro Optic Systems

Industrials

Sparks - Electro Optic Systems

More on this equity
Electro Optic Systems (ASX:EOS) A$53m order announced
Published by David Larkam

 The order is from a European naval systems integration business and is funded by a Western European government. The order for is for EOS’s “Slinger” Counter-Drone Remote Weapon System (RWS) to be configured for naval deployment. Clearly positive in terms of the first contract conversion from the prospect list provided with the results and affirming the capabilities of EOS’s Slinger system. The contract also demonstrates the increasing investment being made by the military in conter-drone warfare to combat the changing battlefield threats.

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