Stock news Electro Optic Systems
Electro Optic Systems (ASX: EOS) confirmed the successful passage of all resolutions at its Extraordinary General Meeting on June 26, 2026. The primary outcome was the shareholder approval of a A$30 million strategic placement to UAE--based Generation 5 Holding (Gen5). This capital injection and strategic alignment are pivotal for the mobilization of the US$124 million "Slinger" counter--drone contract and the formal establishment of a 50/50 joint venture in Abu Dhabi focused on high--energy laser weapon systems.