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Electro Optic Systems Holdings
3 posts
Electro Optic Systems (ASX: EOS) secures A$700m counter-drone contract with major conditions
Electro Optic Systems has signed its largest contract to date for a nationwide counter-drone defence network in the Middle East, creating a substantial commercial opportunity while leaving export approvals, guarantees and working capital as important conditions.
Electro Optic Systems (ASX: EOS) signs its biggest counter-drone deal, but what must happen before the cash arrives?
Electro Optic Systems has signed a conditional A$700 million contract to help protect Kuwait from drone threats, marking a major milestone for its MARSS acquisition. However, an outstanding £74 million bank guarantee, export approvals, substantial working-capital requirements and contractual liability provisions will determine how quickly the agreement becomes revenue and cash flow.
Codan (ASX: CDA) share price falls 8% on profit-taking after FY26 EBIT upgrade and 30% margin milestone
Codan upgraded FY26 EBIT to A$235m and hit a 30% margin a year early. The stock still trades at 40x forward PE. August earnings tests the premium.