🟢 Electro Optic Systems is trading 5% up as Kuwait is named buyer for A$700m contract

Electro Optic Systems is trading at A$10.25, up 5.34%, amid confirmation that Kuwait is the customer for its approximately A$700 million nationwide counter-drone contract.

• The UK Ministry of Defence named Kuwait as the buyer before the company confirmed the customer.
• The announcement highlights Electro Optic Systems’ expanding defence work in the Middle East.
• Available coverage does not explicitly attribute the October 13 price move to the news; no trading-volume figures were available in the sources checked.