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Electro Optic Systems Holdings Limited ( (AU:EOS) ) has provided an update.
Electro Optic Systems Holdings Limited has secured a A$108 million contract to deliver Remote Weapon Systems for the Australian Defence Force’s LAND 400-3 Project. The contract involves the supply of enhanced R400 RWS, spare parts, training, and documentation, to be integrated with Hanwha’s Redback Infantry Fighting Vehicle. This project is significant for EOS as it strengthens its position in the defense sector and leverages its extensive Australian supply chain, impacting over 100 manufacturers.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$9.00 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 (EOS) operates in two divisions: Defence Systems and Space Systems. The Defence Systems division specializes in technology for weapon systems optimization and integration, including remote weapon systems, vehicle turrets, and high-energy laser weapons. The Space Systems division focuses on using EOS-developed optical sensors for detecting and tracking objects in space, with capabilities in space control.
YTD Price Performance: 575.68%
Average Trading Volume: 3,878,082
Technical Sentiment Signal: Buy
Current Market Cap: A$1.69B
For a thorough assessment of EOS stock, go to TipRanks’ Stock Analysis page.