Electro Optic Systems flags order book exceeding $1.4B
Key points
- Electro Optic Systems reported an order book worth more than $1.4 billion, supported by a conditional $700 million contract with Kuwait.
- Following the announcement, shares in Electro Optic Systems rose 3.6% to $8.76 during morning trading.
- The company maintained its full-year revenue guidance between $360 million and $400 million while expanding its counter-drone portfolio.
Electro Optic Systems (ASX:EOS) reported that its total order book stands at more than $1.4 billion following a conditional contract signed with Kuwait on Oct. 9 for a nationwide counter-drone defence system.
The order book figure includes a baseline of $717 million recorded as of September 30, 2026, which represents a 56% increase compared to the close of December 31, 2025.
The company stated that the conditional contract with Kuwait is valued at approximately GBP370 million, which equates to about $700 million.
Financial disclosures showed that available cash holdings sat at $133.1 million at the end of September, marking a decline of $122. 9 million from June 30.
Following the announcement, the Electro Optic Systems share price was up at $8.71.
The defence manufacturer also secured a letter of intent from the Netherlands Ministry of Defence to develop and manufacture its Apollo High Energy Laser Weapon technology.
