QUINTON KEITH purchased $107K of EOS

Electro Optic Systems (EOS) says it received a AUD$5.7 million contract under Australia’s ASCA Mission Syracuse to develop and demonstrate a production-ready prototype of its R400 Slinger remote weapon system for counter-drone (C-UAS) use. The prototype will use 70 mm laser-guided rockets and a MAG-58 7.62 mm machine gun, with a December 2027 final demo.

Electro Optic Systems Holdings shares rose 12.63% to $10.52 on Friday, driven by expectations of ASX 200 inclusion on June 22, 2026 and continued order intake momentum, according to the report. The company’s share purchase plan drew AU$95 million of applications versus a $25 million target, with acceptance upsized to $40 million. It reported a contract backlog over AU$518 million and 2026 revenue guidance up to AU$270 million.

Electro Optic Systems (ASX:EOS) shares fell 4.5% despite upgraded FY26 guidance and a US$5m contract with L3Harris to integrate its Australian-made counter-drone system for 2026 delivery. EOS expects FY26 base revenue of $240–$270m (vs $128.5m FY25 continuing ops) and plans to invest $10m+ in Nice, France, for MARSS. The stock drop reflected broader defence-sector sentiment.

Electro Optic Systems (ASX: EOS) reversed after a 55% two-week rally, falling 9.24% to close at A$10.80, with volume at 0.57x average, suggesting profit-taking. The stock had risen from about A$7 to A$11.90. EOS’s May A$190m equity raise and 2025 return to profitability (A$128.5m sales, A$18.6m net income) remain key investor focus.

Electro Optic Systems (ASX:EOS) shares rose 15.08% to A$11.02, helping the stock rank among ASX 200 leaders, after the company appointed two retired Australian Defence Force leaders as non-executive directors effective 1 June 2026, according to an ASX statement. The appointments follow EOS’s ~A$190m capital raising to buy UK’s MARSS for counter-drone and autonomous maritime security, with management citing potential recurring service/software revenue.

The ASX 200 is up 0.1% to 8,667.9 points. Electro Optic Systems (EOS) rose 2.5% to $9.12 after Bell Potter reiterated a buy rating and lifted its target to $10.60. Life360 (360) gained 1.5% to $19.10 on a Bell Potter target upgrade to $33.00. Nufarm (NUF) jumped 14% to $2.92 after half-year results showed revenue down 5% to $1.7b but underlying NPAT up 35% to $52m and reaffirmed FY2026 positive free cash flow.