Electro Optic Systems Stock Jumps 18% After $45 Million Counter-Drone Orders
Electro Optic Systems shares surged 18.34% to A$11.74 after announcing US$45 million in new counter-drone orders, including a US$42 million deal with a Middle East customer. The ASX 200 slipped 0.14%. EOS’s new contracts follow regulatory scrutiny over past disclosures and recent volatility triggered by short seller activity. The company’s backlog reached A$459.1 million at the end of 2025.