EOS Boosts Revenues with New AU$24 million Contracts

Electro Optic Systems Holdings Limited (ASX: EOS) has announced new contracts totaling AU$24 million, significantly enhancing its revenue streams. EOS's subsidiary, EM Solutions, has garnered AU$19 million in fresh orders. These include follow-on purchases of six King Cobra satellite communication terminals from a European NATO Navy for AU$10 million, ground radar modules for mining applications valued at AU$5 million from GroundProbe, and a AU$4 million initial order for Cobra terminals from a new East Asian Navy client.

Additionally, EOS Space Technologies has secured a AU$5 million contract from the Australian Defence Force’s Joint Capabilities Division to advance space capabilities, set for completion in 2024. These contracts support the sustained growth of both divisions of EOS, which specializes in defense and space systems technology.

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