Electro Optic Systems Technology Right for the Times -- Market Talk

Dow Jones

03/16

2148 GMT - Defense equipment maker Electro Optic Systems has the right technology for the current times, says Ord Minnett. Iran's extensive use of Shahed attack drones and the expensive U.S. missile and guided rocket-based interceptor response are causing militaries to reassess their counter-drone capabilities. EOS on Friday said it has secured two new orders for its Slinger counter-drone Remote Weapon Systems. One contract is valued at US$42 million with a buyer in the Middle East, and another with an undisclosed U.S. defense contractor is worth US$3 million. Ord Minnett retains a speculative buy call and A$12.95/share price target on EOS, which ended last week at A$11.74. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 15, 2026 17:48 ET (21:48 GMT)

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Iran's extensive use of Shahed attack drones and the expensive U.S. missile and guided rocket-based interceptor response are causing militaries to reassess their counter-drone capabilities. EOS on Friday said it has secured two new orders for its Slinger counter-drone Remote Weapon Systems. One contract is valued at US$42 million with a buyer in the Middle East, and another with an undisclosed U.S. defense contractor is worth US$3 million. Ord Minnett retains a speculative buy call and A$12.95/share price target on EOS, which ended last week at A$11.74. 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Iran's extensive use of Shahed attack drones and the expensive U.S. missile and guided rocket-based interceptor response are causing militaries to reassess their counter-drone capabilities. EOS on Friday said it has secured two new orders for its Slinger counter-drone Remote Weapon Systems. One contract is valued at US$42 million with a buyer in the Middle East, and another with an undisclosed U.S. defense contractor is worth US$3 million. Ord Minnett retains a speculative buy call and A$12.95/share price target on EOS, which ended last week at A$11.74. 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Iran's extensive use of Shahed attack drones and the expensive U.S. missile and guided rocket-based interceptor response are causing militaries to reassess their counter-drone capabilities. EOS on Friday said it has secured two new orders for its Slinger counter-drone Remote Weapon Systems. One contract is valued at US$42 million with a buyer in the Middle East, and another with an undisclosed U.S. defense contractor is worth US$3 million. Ord Minnett retains a speculative buy call and A$12.95/share price target on EOS, which ended last week at A$11.74. 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