Latest Aerospace Defence News

Electro Optic Systems Holdings Limited (ASX: EOS) has responded to ASX queries confirming that non-executive director Robert Nicholson’s on-market purchase of shares complied with the company’s trading policy and ASX Listing Rules. The trade occurred prior to the public announcement of significant US defence contracts.

Orbital Corporation has denied any undisclosed information behind its recent share price jump, attributing market interest to strategic leadership appointments aimed at expanding its UAV propulsion business.

Orbital Corporation has appointed Stephen Pearce as CEO, marking a strategic shift from engine development to commercialising propulsion and flight management systems for defence UAVs.