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EOS Clears Debt with $158.6m EM Solutions Sale, Eyes $100m Defence Contracts
6:11pm on Sunday 1st of June, 2025 AEST
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Defense
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EOS Clears Debt with $158.6m EM Solutions Sale, Eyes $100m Defence Contracts
6:11pm on Sunday 1st of June, 2025 AEST
Key Points
Completed $158.6m sale of EM Solutions to Cohort plc
Repaid $61.1m debt to Washington H. Soul Pattinson, resulting in nil borrowings
Strong cash position of around $128m plus $48m in restricted cash
Received new orders worth A$33.7m for counter-drone and remote weapon systems
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Electro Optic Systems Holdings (ASX:EOS)
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