BUZZ-Australian defense stocks climb on US-Iran conflict

Reuters

03/02

** Australian defense stocks jump following U.S.-Israel strikes on Iran over the weekend

** Rising geopolitical risk typically supports defence stocks on stronger demand

** Electro Optic Systems EOS.AX jumps as much as 16.8% to A$10.49, highest since January 27

** Laser firm secures $12 million order for R400 remote weapon systems, others

** Expects current ongoing military conflict could accelerate negotiations with several Middle Eastern governments

** Drone tech firm DroneShield DRO.AX soars more than 14% to one-month high of A$4.13

** Shipbuilder Austal ASB.AX gains as much as 4.6% to A$5.41, highest in nearly a week

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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weekend** Rising geopolitical risk typically supports defence stocks on stronger demand** Electro Optic Systems EOS.AX jumps as much as 16.8% to A$10.49, highest since January 27** Laser firm secures $12 million order for R400 remote weapon systems, others** Expects current ongoing military conflict could accelerate negotiations with several Middle Eastern governments** Drone tech firm DroneShield DRO.AX soars more than 14% to one-month high of A$4.13** Shipbuilder Austal ASB.AX gains as much as 4.6% to A$5.41, highest in nearly a week  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DRO.AU":"DRONESHIELD LTD","EOS.AU":"ELECTRO OPTIC SYSTEMS HOLDIN","BK7115":"航天航空与国防","ASB.AU":"AUSTAL LTD"},"translate_title":"嗡嗡声——澳大利亚国防股因美伊冲突而攀升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASB.AU":0.9,"DRO.AU":0.9,"EOS.AU":0.9},"content_text":"BUZZ-Australian defense stocks climb on US-Iran conflict** Australian defense stocks jump following U.S.-Israel strikes on Iran over the weekend** Rising geopolitical risk typically supports defence stocks on stronger demand** Electro Optic Systems EOS.AX jumps as much as 16.8% to A$10.49, highest since January 27** Laser firm secures $12 million order for R400 remote weapon systems, others** Expects current ongoing military conflict could accelerate negotiations with several Middle Eastern governments** Drone tech firm DroneShield DRO.AX soars more than 14% to one-month high of A$4.13** Shipbuilder Austal ASB.AX gains as much as 4.6% to A$5.41, highest in nearly a week (Reporting by Anjali Singh in Bengaluru) ((anjali.singh2@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}