BUZZ-Australia's Electro Optic Systems rises on $21 mln order wins

Reuters
2024-12-23

** Electro Optic Systems jumps as much as 12.2% to A$1.195; biggest intraday pct gain since Nov. 25

** Stock hits highest since Dec. 9

** Defense technology developer and unit secure new contracts worth ~A$33.7 mln ($21 mln)

** Co's A$13.6 mln order from new Western European customer for counter-drone container based remote weapon systems

** Singapore unit's ~A$20.1 mln order is for remote weapon system spares

** Stock rises 2.4% YTD, as of last close

($1 = A$1.5992)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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