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Highlights:

Shares of Electro Optic Systems Holdings Ltd (ASX: EOS) have surged in early Monday trading following the announcement of a significant defence contract. The company’s stock rose 14% to AU$1.48 during morning trade, standing out amid a broader decline in the ASX All Ordinaries index, which was down 0.35% at the same time.

Electro Optic Systems (EOS), a company operating in both defence and space sectors, announced that it has secured a major international order valued at €31 million (approximately A$53 million). The order relates to its Remote Weapon Systems (RWS), specifically the company’s "Slinger" Counter-Drone system. The buyer is a European naval systems integrator, and the deal is being funded by a Western European government.

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