New Slinger counter-drone order and backlog update

Electro Optic Systems Holdings Limited (“EOS” or the “Company”) (ASX:EOS) today announces that it has secured a new order for its Slinger Counter-Drone Remote Weapon Systems (“RWS”) amounting to €11.4m or approximately A$20m. The order is with a Western European NATO country.

The systems are intended to address urgent operational requirements and delivery is expected to occur within the next six months. Most of the incremental revenue from this order is expected to arise during 2026. The order includes RWS, spare parts, training and other items.

In recent months the drone threat to Western European countries has been increasing. This order demonstrates that EOS’ flagship Slinger Counter-Drone RWS is a product of choice for kinetic counter-drone weapon systems.

Contract Backlog

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

AnnouncedProductCustomer DetailA$m
19 May 2025Slinger Counter-Drone RWSWestern Europe53
5 Aug 2025High Energy Laser WeaponEuropean NATO125
22 Aug 2025Space CapabilityAustralia11
6 Oct 2025R400 RWS for LAND 400-3Australia108

As a result of securing new orders the unconditional Contract Backlog as at the date of this announcement is over $400m. This is almost 3 times higher than at 31 December 2024.

As a result of securing new orders the unconditional Contract Backlog as at the date of this announcement is over $400m. This is almost 3 times higher than at 31 December 2024.

In addition to the above Contract Backlog of secured orders, EOS has an extensive pipeline of sales opportunities (see Investor Presentation released on 22 August 2025 for details). 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.

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