EOS has secured a USD 124 million order for its Slinger Counter-Drone Remote Weapon System (RWS), to be supplied to Generation 5 Holding L.L.C (Gen5). Gen5 is a 100% United Arab Emirates owned provider of defence equipment, technology and services headquartered in Abu Dhabi.
The order includes the RWS, cannon, spares, training and other supplies. EOS understands that the systems are intended to strengthen defence systems in light of ongoing regional tensions in the Middle East.
The Slinger counter-drone systems are expected to be manufactured in Australia and the UAE, and be delivered during 2027 and 2028. The order is subject to Gen5’s customary terms and will be subject to export approvals requirements.
The order further strengthens the relationship between EOS and Gen5 following the announcement on 20 May 2026 that EOS had received a commitment from Generation 5 Holding L.L.C to subscribe, as part of EOS’ strategic placement, for AUD 30 million of fully paid ordinary shares in EOS. This is conditional on shareholder approval under ASX listing rule 7.1 being sought at EOS’ Extraordinary General Meeting on Friday, 26 June 2026.
EOS and Gen5 have also entered into a binding, conditional, joint-venture shareholders agreement to establish an incorporated joint venture for the development, manufacturing and global distribution of a 200-300kW next generation high-energy laser weapon (HELW); the manufacturing and distribution of EOS’ existing 100-150kW HELW in the UAE (including for the ‘UAE – Korean Offset Program’ arising between the UAE and the Republic of Korea) and certain other Middle East and North Africa countries; and the manufacturing and distribution of certain existing EOS RWS including the R400, R500 and R800 in UAE and certain other MENA countries.
It is anticipated that the joint venture will be based in Abu Dhabi and will have a 50/50 equity contribution and profit sharing between Gen5 and EOS, subject to relevant UAE laws and government approvals.
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