Australia's Electro Optic Systems hits record high on winning Gulf counter-drone contract

Electro Optic Systems Holdings

09/10/2026 24:15

** Shares of Australia's Electro Optic Systems EOS.AX rise as much as 22% to hit a record high of A$12.910
** Stock logs its biggest intraday pct gain since August 25
** Laser maker signs A$700 million ($486.92 million) contract with the government of a Gulf Cooperation Council member state 
** Deal to supply a nationwide counter-drone defence system
** Stock up 30% YTD, including the day's move

($1 = 1.4376 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))