Electro Optic Systems Technology Right for the Times -- Market Talk

Dow Jones
Mar 16

2148 GMT - Defense equipment maker Electro Optic Systems has the right technology for the current times, says Ord Minnett. Iran's extensive use of Shahed attack drones and the expensive U.S. missile and guided rocket-based interceptor response are causing militaries to reassess their counter-drone capabilities. EOS on Friday said it has secured two new orders for its Slinger counter-drone Remote Weapon Systems. One contract is valued at US$42 million with a buyer in the Middle East, and another with an undisclosed U.S. defense contractor is worth US$3 million. Ord Minnett retains a speculative buy call and A$12.95/share price target on EOS, which ended last week at A$11.74. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

March 15, 2026 17:48 ET (21:48 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10