Defence and space company Electro Optic Systems (EOS) said it has engaged in active contract negotiations on the prospective supply of a significant number of Remote Weapons Systems (RWS) and related components and spares for Ukraine.
In the business update released by the ASX-listed company, EOS said that the contract discussion includes opportunities for direct supply to Ukraine, and to other countries providing support to Ukraine.
EOS also said the agreement could have the potential to materially improve future revenue and cash flow.
“There is no certainty that any particular outcome or transaction will result from these discussions, and EOS will update the market as appropriate,” the company said in the press release.
In the space systems agenda, EOS shared that it continued to deliver products and services to customers under existing contracts.
The company’s EM Solutions started work under the new $26 million three-year sustainment contract (signed during Q3 2022) for the Royal Australian Navy’s existing fleet of Cobra Maritime SATCOM terminals.
In accordance with contracts secured in H2 2022 totalling around $1 million, Space Systems (including KiwiStar Optics) resumed work during the quarter to provide laser and telescope equipment to customers in Asia and Europe.
EOS said both its EM Solutions and Space Systems continued to pursue significant sales
opportunities in Australia and internationally.
“These may lead to significant customer contracts being signed during 2023,” the company added.
