New RWS order for North American Customer

Electro Optic Systems Holdings Limited (“EOS” or the “Company”) (ASX:EOS) today announces that it has secured a new order for its R400 Remote Weapon System (“RWS”) amounting to US$21m (approximately A$32m).

The order is to supply a customer in North America with RWS to be used on a Light Armoured Vehicle (LAV). The LAV is being manufactured by a prime contractor, for supply to an end user in South America. The prime contractor is a large, longstanding defence manufacturing company with an investment-grade credit rating.

The RWS are being supplied by EOS in a ground-to-ground configuration. The systems will be manufactured at the EOS’ manufacturing facility in Canberra, Australia, during 2026 and 2027. The order includes the supply of RWS, vehicle integration kits, storage services and other items.

Contract backlog

In addition to the above, EOS has previously announced several new secured orders during 2025, including those detailed below:

As a result of securing new orders, the unconditional Contract Backlog as at the date of this announcement is over $400m. This compares to an unconditional Contract Backlog of $136m at 31 December 2024.

Based on existing customer requirements and current production schedules, EOS currently expects most of the Contract Backlog to be converted into revenue during 2026 and 2027.

In addition to the above Contract Backlog of secured orders, EOS has an extensive pipeline of sales opportunities. EOS continues to work to convert these pipeline opportunities to signed contracts. There is no guarantee that any pipeline opportunities will be realised in the form of binding sales contracts.

This announcement has been authorised for release to the ASX by the Board of Directors of the Company.