Australia's Electro Optic surges to 7-month high on order win

Electro Optic Systems Holdings

20/05/2025 06:40

** Shares of Electro Optic Systems Holdings EOS.AX rise 7.4% to A$1.59, their highest since mid-Oct 2024

** Stock extends gains after the defense and space tech developer secured a new order for remote weapon systems for 31 mln euros (~$35 mln)

** Around 3.3 mln shares traded, 3.9x the 30-day daily avg

** Stock up 22% YTD, including current session's moves

($1 = 0.8885 euros)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))