Defence, Manufacturing News, Mergers and Acquisitions, Uncategorised

EOS secures $24m in new contracts

Electro Optic Systems Holdings Limited (EOS) has announced the company’s expanded revenue base, with $24 million in new contracts.

The recent contracts mark the company diversifying its revenue base.

Under the EOS subsidiary, EM solutions, has secured $19 million in new orders.

This includes follow on orders from a European NATO Navy for an additional 6 King Cobra satellite communication terminals, worth $10m;

Additional orders for ground radar modules for a mining sector customer, GroundProbe, worth $5m and;

An initial order of 4 Cobra terminals, for a new East Asian Navy customer, worth $4m

EOS state these orders are expected to support the continued growth of EM Solutions in 2024 and beyond.

In addition to the EM Solutions contracts, EOS Space Technologies has secured a $5m contract with the ADF Joint Capabilities Division in Australia to further develop space capabilities.

The project is expected to be completed in 2024.

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