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Electro Optic Systems Holdings Limited ( (AU:EOS) ) just unveiled an announcement.
Electro Optic Systems Holdings has secured a multi-year, US$22 million contract with General Dynamics Land Systems to supply an enhanced Remote Weapon System for integration onto a major U.S. Army ground combat vehicle, to be manufactured at EOS’s Huntsville, Alabama facility. The deal marks EOS’s long-awaited entry into the large U.S. market for its current-generation RWS and strengthens its positioning as a leading global supplier in this segment, contributing to an unconditional contract backlog now exceeding A$400 million—up from A$136 million at the end of 2024—which the company expects to convert largely into revenue during 2026 and 2027, alongside an extensive but uncommitted pipeline of further opportunities.
The most recent analyst rating on (AU:EOS) stock is a Hold with a A$7.50 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) is a defence technology company specialising in advanced Remote Weapon Systems (RWS), counter-drone systems and high-energy laser weapons. Its products are operationally deployed by militaries across Australia, North America, Europe, the Middle East and Southeast Asia, with more than 2,500 RWS units delivered worldwide and a growing presence in the U.S. defence market through its manufacturing facility in Huntsville, Alabama.
Average Trading Volume: 4,276,736
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.64B
See more insights into EOS stock on TipRanks’ Stock Analysis page.