Market News / Story
Electro Optic Systems Awarded Record Middle East Counter-Drone Defence Contract
Small Caps ·
Small Caps reports: Electro Optic Systems has secured the largest contract in its history, signing a £370 million (approximately A$700m) agreement to provide a nationwide counter-drone defence system to a Middle Eastern Gulf state. The agreement will see the Australian defence technology company act as prime contractor and systems integrator for a comprehensive network designed to detect and counter airborne and seaborne drone threats. The contract centres on the NiDAR defence platform…