BUZZ-Australia's Electro Optic Systems soars on drone defence capability order

Reuters
2025/08/05
BUZZ-Australia's <a href="https://laohu8.com/S/EOPSF">Electro Optic</a> Systems soars on drone defence capability order

** Shares of Electro Optic Systems Holdings EOS.AX rise as much as 37% to A$4.04, their highest level since August 30, 2021

** Stock last up 27%

** Weapons technology firm secures an A$125 million ($80.86 million) order for a drone defence capability meant to address drone swarm attacks

** Order placed by a European NATO Member State, co says, without specifying the state's name

** EOS says the order is the world's first export order of a 100-kilowatt class laser defence system

** Around 4.1 million shares change hands, compared with the 30-day trading volume of about 2.3 million

** YTD, the stock has more than tripled in value

($1 = 1.5458 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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