Australia's Electro Optic Systems rises on new A$28 mln contract

Electro Optic Systems Holdings

13/11/2023 02:18

** Shares of Electro Optic Systems Holdings  EOS.AX  rise as
much as 4.9% to A$0.970, highest level since Nov. 3
    ** Stock set for best day since Nov. 3, if gains hold
    ** Defense systems manufacturer says it has secured a new
contract for A$28 million ($17.80 million) to supply a customer
in South East Asia
    ** Deliveries under the contract are scheduled to commence
in late 2024 and continue into 2025 and 2026 
    ** EOS set for gains after four consecutive sessions of
losses, if trend holds
    ** Stock up 90.7% YTD, as of last close

($1 = 1.5728 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))