EOS Received Order for New Counter-Drone (US$124m) and Middle East JV for Laser Weapons and Remote Weapon System

26 Juni 2026

EOS Slinger counter-drone kinetic Remote Weapon System (photo: EOS)

Electro Optic Systems Holdings Limited (together with its subsidiaries, “EOS” or the “Company”) (ASX:EOS), is pleased to provide the following updates.

EOS has secured a US$124m (~A$175m) order for its Slinger Counter-Drone Remote Weapon System (“RWS”), to be supplied to Generation 5 Holding L.L.C (“Gen5”). Gen5 is a 100% United Arab Emirates (“UAE”) owned provider of defence equipment, technology and services headquartered in Abu Dhabi in the UAE.

The order includes the RWS, cannon, spares, training and other supplies. EOS understands that the systems are intended to strengthen defence systems in light of ongoing regional tensions in the Middle East. The Slinger RWS is EOS’ market leading cannon-based counter-drone defence system.

The systems are expected to be manufactured in Australia and the UAE, and be delivered during 2027 and 2028. The order is subject to Gen5’s customary terms and will be subject to export approvals requirements.

The order further strengthens the relationship between EOS and Gen5 following the announcement on 20 May 2026 that EOS had received a commitment from Generation 5 Holding L.L.C to subscribe, as part of EOS' strategic placement, for A$30m of fully paid ordinary shares in EOS. This is conditional on shareholder approval under ASX listing rule 7.1 being sought at EOS' Extraordinary General Meeting on Friday, 26 June 2026.

EOS Apollo High Energy Laser Weapon (HELW) (photo: EOS)

EOS has worked closely with the UAE Government for many years to provide a range of high technology counter-drone systems. EOS is recognised for its innovative counter-drone technology, including:

-Slinger, EOS’ counter-drone kinetic RWS; and

-Apollo, EOS’ High Energy Laser Weapon (HELW) product.

EOS and Gen5 have entered into a binding, conditional, joint-venture shareholders agreement (“JVA”) to establish an incorporated joint venture (“JV”) for:

-the development, manufacturing and global distribution of a 200-300kW next generation HELW;

-the manufacturing and distribution of EOS’ existing 100-150kW HELW in the UAE (including for the “UAE - Korean Offset Program” arising between the UAE and the Republic of Korea) and certain other Middle East and North Africa (“MENA”) countries; and

-the manufacturing and distribution of certain existing EOS RWS including the R400, R500 and R800 in UAE and certain other MENA countries.

This JV is a strategic growth initiative, formed to capitalise on EOS technology and establish advanced manufacturing capability in the UAE.

(EOS)