Australia's Electro Optic climbs on contract with Western European govt

Electro Optic Systems Holdings

13/06/2023 02:15

** Shares of Electro Optic Systems  EOS.AX  rise as much as
7.7% to A$0.915, gaining the most since June 1
    ** The tech co says it got contract to supply Remote Weapon
Systems unit to the Western European government 
    ** The contract is valued at A$51 mln ($34.42 mln)
    ** Electro stock up 75.3% this year, as of last close 
    
     ($1 = 1.4817 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))