EOS SECURES SECOND UKRAINE REMOTE WEAPON SYSTEMS CONTRACT

26 April 2023, Canberra -- Electro Optic Systems (EOS) today announced that its EOS Defence Systems business has secured a second conditional contract to supply up to fifty Remote Weapon Systems (RWS) to Ukraine, including ammunition, spares, and related services.

This contract, valued at up to US$41m (approximately A$61m), envisages the supply of the RWS to Ukraine during 2023 and 2024. It is in addition to the previously announced contract for up to one hundred EOS RWS units, valued at up to US$80m (approximately A$120m), announced on 3 April 2023.

The contract allows for conditional early termination rights in favour of the customer, which is typical in wartime contract arrangements.

Andreas Schwer, Chief Executive Officer of EOS, said, "EOS is proud to support the Ukrainian Armed Forces and the people of Ukraine by providing the country with the lifesaving utility of its Remote Weapon System. This will contribute to its critical security and defence needs.”

EOS will draw upon its support network and supply chain consisting of over one hundred suppliers located across Australia, and others internationally.

The EOS RWS product portfolio is designed to provide the highest firepower for lowest weight, delivering superior accuracy and reliability compared to competitor systems.  Over 2,500 units have been sold and are currently in use with several military services in Australia, North America, Europe, and South-East Asia.

EOS continues to work on other opportunities relating to Ukraine, including opportunities for direct supply to Ukraine, and to other countries providing support.