Brief: Electro Optic Systems Enters £370M Contract For Nation-Wide Counter-Drone Defence System
09/10/2026 02:17
BRIEF-Electro Optic Systems Enters £370M Contract For Nation-Wide Counter-Drone Defence System Oct 9 (Reuters) - Electro Optic Systems Holdings Limited EOS.AX:
ENTERS £370M (A$700M) CONTRACT FOR NATION-WIDE COUNTER-DRONE DEFENCE SYSTEM
TO RAPIDLY DEPLOY NATION-WIDE COUNTER-DRONE SYSTEM WITH NIDAR C2
CONTRACT IS LARGEST EVER SECURED BY EOS
CONTRACT INCLUDES HARD-KILL INTERCEPTORS AND SOFT-KILL JAMMERS
EXPECTS OVER 80% OF REVENUE IN FIRST 12-24 MONTHS; 20% FOR FOUR-YEAR SUPPORT
CONTRACT IS EXPECTED TO BE PROFITABLE AND CASHFLOW POSITIVE OVER ITS TERM
Further company coverage: EOS.AX
((Reuters.Briefs@thomsonreuters.com;))
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