Electro Optic Systems Holdings Limited (ASX:EOS) Secures $125M Laser Defence Order
Order Secured
Electro Optic Systems Holdings Limited (ASX: EOS) has secured a €71.4 million (approximately A$125 million) order for a 100kW high power laser defence system from a European NATO Member State. This marks the world’s first export order for a 100-kilowatt class laser defence system. The order includes production, delivery, spare parts, training, and documentation, with fulfillment scheduled from 2025 to 2028 in Singapore.
Product Development
The high-power laser counter-drone capability was developed by EOS to meet the urgent market need for defence against drone swarm attacks economically. Building on EOS’s established expertise in kinetic weapons and missiles, the laser system underwent three years of field testing and extensive firing trials in collaboration with customers. It is equipped with algorithms, radar, threat detection, target acquisition, and beam locking systems to ensure high performance.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
