Australia's Electro Optic Systems gains as Mideast war buoys sales outlook

Electro Optic Systems Holdings

15/05/2026 02:26

** Shares of Electro Optic Systems EOS.AX rise as much as 10.2% to A$9.33 in early trade, their highest level since May 8

** Stock logs its largest intraday pct gain since April 14

** EOS says its MARSS group business has seen a demonstrable increase in customer enquiry and increased interest from other industry participants due to the recent Middle East conflict

** Defence tech manufacturer says that MARSS, which provides counter-drone systems, already has an installed and operational footprint in the region

** Adds MARSS recently entered into a contract with an existing Middle East customer for 85 million pounds ($113.68 million)

** Stock down 2.5% YTD, including the day's moves

   ($1 = 0.7477 pounds)

 (Reporting by Nikita Maria Jino in Bengaluru)

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