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UK Ministry of Defence

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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.
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Corporate Travel Management (ASX:CTD) wins UK Defence contract with £28m six-month TTV forecast as ASX deadline nears

Corporate Travel Management has secured further UK Ministry of Defence work supporting the Afghan Resettlement Programme, with £28 million of transaction value forecast over the first six months. The award strengthens the operational case for customer continuity, but delayed financial statements and CTD’s continuing ASX suspension remain the more immediate investor tests.