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The latest update is out from Electro Optic Systems Holdings Limited ( (AU:EOS) ).
Electro Optic Systems Holdings Limited has completed the acquisition of the UK-based interceptor business from MARSS Group, expanding its counter-drone capabilities and establishing a presence in the UK market. The acquisition, valued at approximately A$10 million, includes all Interceptor assets and its engineering team, with further development expected over the next 12-24 months. This strategic move enhances EOS’s software and AI capabilities and aligns with its focus on the AUKUS partner market, potentially strengthening its industry positioning and stakeholder relations.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
More about Electro Optic Systems Holdings Limited
Electro Optic Systems Holdings Limited (ASX: EOS) operates in the defense and space systems industries. The company specializes in technology for weapon systems optimization, integration, and intelligence, surveillance, and reconnaissance (ISR) systems for land warfare. Its key products include remote weapon systems, vehicle turrets, high-energy laser weapons, and counter-UAS systems. In the space domain, EOS develops optical sensors and effectors for detecting and tracking objects in space.
Average Trading Volume: 4,189,247
Technical Sentiment Signal: Buy
Current Market Cap: A$868.3M
For detailed information about EOS stock, go to TipRanks’ Stock Analysis page.