Electro Optic Systems (ASX: EOS) is scaling rapidly, with first-half revenue surging 280% to almost $169 million and EBITDA turning positive at more than $22 million. CEO and Managing Director Dr. Andreas Schwer says the result reflects accelerating demand across its defence business, led by major sales of its Slinger anti-drone system into the Middle East.
The challenge is not only how to stop a drone, but how to connect sensors, command and control and effectors quickly enough to respond. The growing use of low-cost UAS in large numbers also puts pressure on the economics of defence. Defensive systems need to be able to sustain repeated engagements without imposing an unsustainable cost for every target defeated.
