Stock news Electro Optic Systems
Electro Optic Systems Holdings Ltd (ASX: EOS) Managing Director and CEO Dr. Andreas Schwer announced on October 16, 2026, that the company's £370 million (~A$700 million) nationwide counter--drone contract is projected to significantly accelerate financial performance, with the potential to double annual revenue year--on--year across FY27 and FY28. Dr. Schwer confirmed that approximately 80% of the contract's total value is scheduled for delivery over the next 12 to 18 months following the satisfaction of conditions precedent, adding that EOS does not anticipate needing additional equity capital to finance the project's execution.