► EOS Announces New $9m Contract to Develop Space Capabilities

31 July 2024 – Electro Optic Systems Holdings Limited (“EOS” or the “Company”) (ASX: EOS) is pleased to announce that its Space Technologies business has secured a $9m contract with the Australian Defence Force Joint Capabilities Division to further develop space capabilities.

This project is a significant strategic opportunity for EOS and is consistent with EOS’ stated strategy of securing third party funding for new capability development work in Space Technologies. The project is expected to be delivered in 2H 2024 and 2025.

This contract is in addition to a $5m contract that was announced on 15 April 2024, for delivery in 2024.

This announcement has been authorised for release to the ASX by the Board of Directors of the Company.

Image courtesy of EOS