Australia's Electro Optic Systems rises on $21 mln order wins

Electro Optic Systems Holdings

23/12/2024 24:55

** Electro Optic Systems  EOS.AX  jumps as much as 12.2% to
A$1.195; biggest intraday pct gain since Nov. 25
    ** Stock hits highest since Dec. 9
    ** Defense technology developer and unit secure new
contracts worth ~A$33.7 mln ($21 mln)
    ** Co's A$13.6 mln order from new Western European customer
for counter-drone container based remote weapon systems
    ** Singapore unit's ~A$20.1 mln order is for remote weapon
system spares
    ** Stock rises 2.4% YTD, as of last close

($1 = A$1.5992)

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