Latest Defense News

Electro Optic Systems (EOS) has landed a landmark €71.4 million contract from a European NATO member for its pioneering 100kW high-power laser counter-drone system, marking the first export of this class of directed energy weapon.

DroneShield Limited has reported a record-breaking second quarter with revenues surging 480% year-on-year, underpinned by a robust $176 million in committed sales and a $2.3 billion pipeline. The company is aggressively expanding manufacturing and investing in next-generation counter-drone technologies to meet soaring global demand.

DroneShield is investing $13 million to significantly expand its R&D and manufacturing footprint, aiming to boost annual production capacity nearly fivefold by the end of 2026.

DroneShield Limited has landed a significant $11.7 million follow-on research contract from a Five Eyes Department of Defence customer, marking its fourth award from this strategic alliance.

DroneShield has landed its largest-ever contract worth $61.6 million from a European military reseller, surpassing its entire 2024 revenue. Delivery is slated for Q3 2025, marking a significant milestone in the company's growth trajectory.

Electro Optic Systems has secured a €31 million contract for its flagship Slinger Counter-Drone Remote Weapon System, marking its largest naval order to date from a Western European government.

Pointerra Limited has joined forces with Leidos as a subcontractor on the US Army’s $499 million GRIDS IV program, aiming to enhance real-time geospatial intelligence through advanced AI and machine learning technologies.

EOS is midway through a strategic turnaround, divesting non-core assets and strengthening its balance sheet while advancing cutting-edge counter-drone, high energy laser weapons, and space control technologies amid robust global demand.

Electro Optic Systems (EOS) has completed the divestment of its EM Solutions subsidiary for $158.6 million, wiping out all borrowings and positioning itself with a strong cash balance of approximately $128 million. The company is actively pursuing significant defence contracts and expanding its manufacturing footprint.

DroneShield has secured three contracts worth $11.8 million from an Asia Pacific military customer, signaling growing adoption of its counter-drone technology in the region.