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ASX:EOS

13 stories mentioning ASX:EOS

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Asia

Electro Optic Systems Secures AU$7 Million Order, Expects 2026 Revenue of Up to AU$270 Million; Shares Down 3%

Electro Optic Systems Holdings (ASX:EOS) said it has secured a AU$7 million order with L3Harris in the US for integration into a counter-drone weapon system, with the product to be manufactured in Australia and the order expected to be fulfilled during 2026, according to a Monday Australian bourse filing.The company said ongoing conflicts in the Middle East and Europe have kept enquiry levels for EOS products elevated, including for remote weapon systems (RWS) and high energy laser weapons.The company said it expects full-year 2026 revenue for its base business, excluding the newly acquired MARSS business, to be in the range of AU$240 million to AU$270 million, with the timing of revenue recognition of MARSS contracts still being assessed and a further update expected within about two months.Electro Optic Systems will this week conduct a market launch of the combined EOS and MARSS business at the Eurosatory Defence and Security Exhibition in Paris, it added.The company's shares fell almost 3% in recent Monday trade.

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Asia

Electro Optic Systems Completes Share Purchase Plan; Shares Up 4%

Electro Optic Systems (ASX:EOS) completed its share purchase plan (SPP), with the company receiving valid applications of AU$95 million from 4,909 eligible shareholders, exceeding the AU$25 million target, according to a Friday filing with the Australian bourse.The board decided to accept AU$40 million in SPP applications following strong demand, the filing said.Roughly 5 million new shares will be issued to eligible shareholders at AU$8 a piece under the SPP.The SPP was undertaken in conjunction with the AU$150 million institutional placement and the further AU$40 million strategic placement disclosed in May, per the filing.Shares rose 4% in morning trade on Friday.

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Asia

Elevra Lithium, Electro Optic Systems and Others Join S&P/ASX 200 Index

Elevra Lithium (ASX:ELV), Electro Optic Systems (ASX:EOS), FireFly Metals (ASX:FFM), Kingsgate Consolidated (ASX:KCN), and Minerals 260 (ASX:MI6) joined the S&P/ASX 200 Index before trading began on Monday, S&P Dow Jones Indices reported Friday.Meanwhile, Guzman Y Gomez (ASX:GYG), IDP Education (ASX:IEL), SiteMinder (ASX:SDR), Temple & Webster (ASX:TPW) and WEB Travel (ASX:WEB) were removed from the index as part of the rebalancing.

ASX:ELVASX:EOSASX:FFMASX:GYGASX:IELASX:KCNASX:MI6ASX:SDRASX:TPWASX:WEB
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Electro Optic Systems (ASX:EOS): +15%, AU$11Elsight (ASX:ELS): +13%, AU$7.184DMedical (ASX:4DX): +12%, AU$3.74Judocapitol FP (ASX:JDO): +11%, AU$1.54Flight Centre Travel Group (ASX:FLT): +8%, AU$10.96West African Resources (ASX:WAF): +8%, AU$3.19Lindian Resources (ASX:LIN): +8%, AU$0.83Ora Banda Mining (ASX:OBM): +7%, AU$1.36Vulcan Energy Resources (ASX:VUL): +7%, AU$3.89Westgold Resources (ASX:WGX): +6%, AU$5.18

ASX 200ASX:4DXASX:ELSASX:EOSASX:FLTASX:JDOASX:LINASX:OBMASX:VULASX:WAFASX:WGX
Asia

Electro Optic Systems Launches AU$25 Million Share Purchase Plan

Electro Optic Systems Holdings (ASX:EOS) launched a share purchase plan initially capped at AU$25 million, according to a Monday filing with the Australian bourse.The plan allows eligible shareholders to apply for up to AU$30,000 worth of new shares priced at AU$8 apiece, per the filing.Proceeds will be used to fund the upfront consideration for its acquisition of autonomous vehicle technology firm MARSS.Shares of Electro Optic Systems fell 3% in recent Monday trade.

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Asia

Electro Optic Systems Holdings Completes Acquisition Of MARSS Business

Electro Optic Systems Holdings (ASX:EOS) completed the acquisition of the MARSS business, according to a Thursday Australian bourse filing.MARSS' NiDAR command and control systems are used to detect, track, and defeat drone attacks. The firm made an upfront payment of $36 million for MARSS.

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Asia

Australian Shares Fall; James Hardie Industries Posts Lower Fiscal Q4 Adjusted Earnings, Higher Net Sales

Australian shares again fell on Wednesday as a sell-off in bonds intensified amid rising concerns over inflation.The S&P/ASX 200 Index rose 1.26%, or 108.10 points, to close at 8,496.60.Brent crude oil futures were trading above $110 per barrel. Two Chinese tankers filled with oil exited the Strait of Hormuz on Wednesday, Reuters reported, citing shipping data.The US 30-year treasuries yield rose to 5.2%, the highest level since 2007. The Australian government 15-year bond yield was at 5.29 %, the highest level since 2011.On the domestic front, employers in Australia paid a total of AU$110.56 billion in wages and salaries for 15.5 million jobs in March, an increase of 1.4% from AU$109.07 billion in February, according to data from the Australian Bureau of Statistics.The United Nations lowered its 2026 growth forecast for the Australian economy to 2% as the country's demand‐led recovery is now under pressure from the energy supply shock created by the Middle East conflict, according to the mid-year update of the body's World Economic Situation and Prospects report.In company news, James Hardie Industries (ASX:JHX) reported fiscal fourth quarter adjusted earnings of $0.30 per share, down from $0.36 a year earlier. Net sales for the three months ended March 31 was $1.4 billion, compared with $971.5 million a year earlier. Its shares were down nearly 1% on market close.Electro Optic Systems Holdings (ASX:EOS) said it has completed a fully underwritten institutional placement of about 18.8 million new fully paid ordinary shares at AU$8 per share, raising AU$150 million from existing and new institutional investors. Its shares fell 10% on market close.Lastly, Webjet (ASX:WJL) said its wholly owned subsidiary Webjet Marketing has received written notice from Virgin Australia Holdings (ASX:VGN) advising of changes to their existing agency and ancillary commercial arrangements. Virgin has advised that from July 1 it will significantly reduce these commission payments and broader commercial terms. Its shares plunged 11% on market close.

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Asia

Electro Optic Systems Holdings Completes AU$150 Million Institutional Placement at AU$8.00 Per Share

Electro Optic Systems Holdings (ASX:EOS) said it has completed a fully underwritten institutional placement of about 18.8 million new fully paid ordinary shares at AU$8 per share, raising AU$150 million from existing and new institutional investors, according to a Wednesday Australian bourse filing.The placement price represents a 9.3% discount to the last traded price of AU$8 on May 15, with the company also receiving a commitment from Generation 5 Holding and another defence-focused institutional investor to subscribe for a total of AU$40 million in shares at the same price under a strategic placement subject to shareholder approval, the filing added.EOS is also undertaking a non-underwritten share purchase plan (SPP) targeting up to AU$25 million, providing eligible shareholders the opportunity to apply for up to AU$30,000 worth of new shares at the same price as that of the placement, the filing added.Proceeds from the institutional placement, strategic placement, and SPP, together with a secured term loan facility from Washington H. Soul Pattinson will be used to fund the upfront payment for the MARSS acquisition and to pursue growth opportunities, it added.

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Asia

Electro Optic Systems Holdings Seeks to Raise Up to AU$175 Million Via Capital Raising

Electro Optic Systems Holdings (ASX:EOS) launched a capital raising of up to AU$175 million via a fully-underwritten AU$150 million institutional placement and a non-underwritten share purchase plan to raise up to AU$25 million, according to a Monday Australian bourse filing.The placement will result in the issue of around 18.8 million new shares to institutional investors at AU$8 apiece.After the completion of the placement, the company will offer eligible existing shareholders the opportunity to apply for up to AU$30,000 worth of new shares under the share purchase plan. The firm added that it reserved the right to accept applications from eligible shareholders in excess of AU$25 million or to scale back applications that exceed that amount.The proceeds are expected to fund the upfront consideration of the MARSS acquisition, provide working capital flexibility, and accelerate commercialization of new products, per the filing.The company's securities were placed in a trading halt from the commencement of trading on Monday at its request, pending the announcement of the equity raising and to allow the "placement to take place in an orderly fashion."

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Asia

Australian Shares Flat; Electro Optic Systems Amends Terms for Acquisition of MARSS Group Assets

Australian shares receded on Friday as ⁠US Treasury yields rose to the highest level in nearly a year.The S&P/ASX 200 Index was little changed to close at 8,630.80.Brent crude oil futures climbed to around $107 per barrel as the Strait of Hormuz remained closed. Copper prices retreated from a record high, while gold prices fell towards $4,600 per ounce.The 30-year US Treasury yield rose to 5.067%, the highest since July 2025, Reuters reported.On the domestic front, trimmed mean inflation in Australia is forecast to have risen 0.3% month-over-month in April, which would see annual growth accelerate to 3.4% and three-month annualized growth around 3.2%, ANZ said.Headline inflation is likely to have risen 0.5% month-over-month, or 4.3% on an annual basis.In company news, Electro Optic Systems Holdings (ASX:EOS) agreed revised agreement terms for its acquisition of the assets of the MARSS group business. The upfront payment of $36 million for MARSS will be made on Friday, and the receipt of the funds by the MARSS vendors and the completion of the acquisition are expected in the coming days. Its shares rose 3% on market close.ClearView Wealth (ASX:CVW) said the Australian Competition and Consumer Commission (ACCC) ruled that the proposed acquisition of all of its shares by Zurich Financial Services Australia through a members' scheme of arrangement may be put into effect. Its shares closed up 1%.Lastly, Alkane Resources (ASX:ALK) reported fiscal third-quarter earnings of AU$0.0675 per share, up from AU$0.0132 a year earlier. Revenue for the three months ended March 31 was AU$274.4 million, compared with AU$63.2 million a year earlier. Its shares fell 3% on market close.

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Asia

Electro Optic Systems Amends Terms for Acquisition of MARSS Group Assets, Shares Jump 7%

Electro Optic Systems Holdings (ASX:EOS) agreed revised agreement terms for its acquisition of the assets of the MARSS group business, according to a Friday Australian bourse filing.The upfront payment of $36 million for MARSS will be made on Friday, and the receipt of the funds by the MARSS vendors and the completion of the acquisition are expected in the coming days, per the filing.The maximum earnout cap under the agreement will be increased to 140 million euros from 100 million euros.Electro Optic drew AU$70 million of its term loan facility provided by Washington H. Soul Pattinson. AU$50 million of the drawdown will be used to fund the upfront cash consideration.MARSS' NiDAR command and control systems are used to detect, track, and defeat drone attacks. The acceleration of potential demand and increased interest in the MARSS products and business led to certain amendments to the transaction terms first disclosed on Jan. 12.Its shares jumped 7% in recent trading on Friday.

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Asia

Electro Optic Systems Reports Contract Backlog Growth as of March 31

Electro Optic Systems Holdings (ASX:EOS) reported a contract backlog of AU$518 million as of March 31, up 13% from the end of 2025, according to a Thursday filing with the Australian bourse.The company closed the March quarter with unrestricted cash holdings of AU$95.1 million, representing a decrease of AU$11.8 million from the end of 2025, per the filing.

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Asia

Electro Optic Systems Holdings Demonstrates Remote Weapon System; Shares Fall 5%

Electro Optic Systems Holdings (ASX:EOS) said it has demonstrated its R400 Remote Weapon System integrated onto an unmanned surface vessel developed by BlackSea Technologies, according to a Thursday statement.EOS Defense Systems USA is a mission partner on the vessel, providing the gun system as part of the vessel's configuration, alongside partners including Lockheed Martin, Echodyne, and Current, the statement added.The company said that the integration demonstrates how rapidly the R400 can be adapted to new platforms, moving from concept to live maritime demonstration in a matter of weeks.The demonstration is expected to support further testing and operational assessment activities, the company said.The demonstration also creates a new pathway for engagement with US Navy stakeholders, as it has been deployed on an unmanned surface vessel in the US for the first time.The company's shares fell 5% in recent Thursday trade.

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