Australia's Electro Optic System rises after securing weapons supply contract

Electro Optic Systems Holdings

27/12/2023 24:39

** Shares of Electro Optic System Holdings  EOS.AX  rise as
much as 6.3% to A$1.015, their highest level since Oct. 16
    ** Defense and space systems manufacturer secures additional
contract worth about A$25 mln ($17.06 mln) to supply remote
weapon systems to a western European government  
    ** Adds contract is subject to approval by the Australian
government 
    ** Stock has risen 96.9% this year, as of last close

($1 = 1.4654 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))