Electro Optic Systems Holdings Limited (ASX: EOS) has secured two contracts totalling A$4.25 million for the supply of R400 Remote Weapon Systems (RWS) to a European NATO country.
A number of these systems are optimised for integration onto Remotely Operated Combat Vehicles (ROCV’s) and include the remote control units to operate the systems. Both contracts will be delivered this calendar year.
Group CEO, Dr Ben Greene, said EOS RWS products are well suited to the emerging market for ROCV’s because of their market leading accuracy, reliability and light weight.
The company is participating in a number of tender opportunities for ROCV capabilities across multiple countries with a sales pipeline in excess of A$1 billion.
Dr Greene said major awards are possible in the next 12 months.
EOS operates in three sectors: defence, space and communications.