Electro Optic Systems announced today that its Defence Systems business has secured a contract to supply Remote Weapon Systems (RWS) to a Western European Government, with an estimated value of AUD 51 million.
Under the deal, EOS will supply RWS units, including spares, training, and related services, based on the agreed-upon milestones and other usual conditions, including the customer’s rights to end the contract due to force majeure or nonperformance.
According to the ASX-listed company, the Australian government must approve the contract before it can go into effect.
EOS revealed it will rely on a support network and supply chain made up of more than 100 vendors spread out across Australia and other countries to complete this contract.
In comparison to competing systems, EOS said its RWS product line is built to give the most firepower for the least amount of weight while still maintaining greater accuracy and dependability.
With more than 2,500 units sold, numerous military services in Australia, North America, Europe, and South-East Asia are currently using them.
In April this year, the EOS Defence Systems business was able to secure a second conditional contract to supply up to 50 Remote Weapon Systems (RWS) to Ukraine, including ammunition, spares, and related services.
This contract, worth up to AUD 61 million, calls for the RWS to be deployed to Ukraine between 2023 and 2024.
The ASX-listed company stated that it is an addition to the previously announced transaction for up to 100 EOS RWS units worth at up to AUD 120 million on 3 April 2023.
Founded in 2011, EOS’ Defence Systems business specialises in technology for weapon systems optimisation and integration, as well as ISR (Intelligence, Surveillance and Reconnaissance) and C4 systems for land warfare.
Its key products include next-generation remote weapon systems, vehicle turrets, high-energy laser weapons (directed energy), as well as fully integrated and modular counter-UAS and C4 systems.
