Stock news Electro Optic Systems
Electro Optic Systems (ASX: EOS) Managing Director and CEO, Dr. Andreas Schwer, issued a strategic update on September 14, 2026, outlining a roadmap for the company to achieve multi--billion--dollar annual revenue within the next three to five years. This ambitious growth target follows a record--breaking first half of 2026, which saw revenue nearly quadruple to A$169 million and the unconditional order book expand to approximately A$850 million. The company is currently leveraging its presence at the MSPO 2026 international defense exhibition to showcase the "Apollo" directed--energy laser system, which integrates MARSS AI--driven command--and--control software with battlefield--proven kinetic effectors. Furthermore, the company confirmed a proposed issuance of 30,000 ordinary fully paid shares, with a scheduled completion date in September 2027.