Electro Optic Systems (ASX:EOS) is looking to establish a foothold in a new Middle Eastern defence market after securing a US$16 million (approximately A$23 million) counter-drone contract with the armed forces of an undisclosed nation.
The agreement marks the first sale by EOS or its MARSS business to the country, with the company identifying the initial contract as a potential pathway to further defence opportunities in the region.
The deal will see EOS supply counter-drone defence systems designed to protect strategically important sites, incorporating sensor systems, soft-kill effectors and command facilities.
At the centre of the package is MARSS’s NiDAR command-and-control (C2) system, which will support the coordination of the counter-drone capabilities.
The contract is expected to be substantially delivered over the next 12 months.
The latest agreement adds to the company’s international defence operations, with its MARSS business continuing to secure recognition for its counter-drone capabilities.
"It is pleasing to see the MARSS business continue to be recognised for its leading counter-drone capabilities and this contract represents further evidence of the demand for these types of systems in the region,"
WHAT’S NEXT?
EOS expects the counter-drone contract to be substantially delivered over the next 12 months, with attention now turning to the rollout of its sensor systems, soft-kill effectors and MARSS NiDAR command-and-control platform.
The company will also be looking to establish its presence in the new Middle Eastern market, with the potential for the initial agreement to create further defence opportunities, although additional contracts are not guaranteed.
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