Electro Optic Systems' MARSS Unit Secures 370 Million Pounds Sterling Contract From Kuwait
MT Newswires Live
12 hours ago
Electro Optic Systems Holdings (ASX:EOS) said its MARSS unit secured a contract worth 370 million pounds sterling to supply a counter-drone defense system to Kuwait, according to a Tuesday statement.
MARSS will serve as prime contractor and systems integrator, installing electro-optical, radar and sonar sensors across a network of sites to feed central command centers.
The contract also includes initial supply of hard-kill interceptors and soft-kill jammers, and is expected to create around 100 new jobs in the UK across MARSS and its local supply chain.
Electro Optic Systems shares fell 2% in recent Tuesday trade.
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