Electro Optic Systems Holdings Limited

ASX:EOS

Electro Optic Systems Holdings Limited

ASX:EOS
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$1.705 (+2.1%)
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#301
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Rick
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Last edited 3 years ago
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#$20 million new ADF contracts
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Rick
Last edited 3 years ago
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Full ASX Announcement
EOS has been awarded $20 million worth of contracts with the Australian Defence Force (ADF) over the last month.

The contracts cover advanced technology research and development activities in electro-optic sensors, EM Solutions Cobra terminals and sustainment.

The contracts will be delivered over the next 24 months under standard payment terms.

The contracts will not have a material impact on the company’s previously issued 2021 revenue and profit guidance, but are significant for underpinning revenues in 2022 and for prospective growth projects thereafter.

EM Solutions Cobra terminals contracts have been signed for the next three shipsets of the Royal Australian Navy’s SEA1180 program for Offshore Patrol Vessels and the SEA1445 program for Enhanced Cape Class Patrol Boats. The sustainment element of the contract is to support the currently installed Cobra terminal population used by the Royal Australian Navy over the next 12 months.

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