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Electro Optic Systems Holdings Limited ( (AU:EOS) ) has shared an announcement.
Electro Optic Systems Holdings Limited has secured a significant order for a 100-kilowatt high-power laser weapon system designed for counter-drone warfare. This €71.4 million order, placed by a European NATO Member State, marks the world’s first export of such a laser defense system and will be fulfilled between 2025 and 2028. This development extends EOS’s established capabilities in counter-drone technology, leveraging its expertise in kinetic weapons and missiles. The laser system, which underwent three years of field testing, includes advanced features like algorithms, radar, and target acquisition systems, indicating a strategic enhancement of EOS’s product offerings in the defense sector.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$1.85 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 the Defence Systems and Space Systems sectors. The Defence Systems division focuses on technology for weapon systems optimization and integration, including next-generation remote weapon systems, vehicle turrets, and high-energy laser weapons. The Space Systems division applies EOS-developed optical sensors to detect, track, and characterize objects in space, with capabilities in space control.
YTD Price Performance: 133.98%
Average Trading Volume: 2,069,195
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$584.6M
See more insights into EOS stock on TipRanks’ Stock Analysis page.