L3Harris just booked a US Army order worth up to $106M for VAMPIRE counter drone systems. The headline belongs to $LHX, but the supply chain tells a second story: the positioning component that aims VAMPIRE's APKWS rocket launcher is the AS-65 gimbal from $EOS.AX, and EOS handles integration and support from Huntsville, Alabama, the same city where L3Harris stood up high volume VAMPIRE production in March. VAMPIRE has logged more than 350,000 operational hours since 2023, built originally as a low cost answer to Russian drones over Ukraine. This order converts a battlefield proven aid program into domestic US Army procurement at scale. Every unit that rolls off the Huntsville line pulls EOS content with it.

$EOS.AX - The Ultimate High Ground strategy is going live. $EOS just dropped a visual confirmation of their Tier-1 status. A delegation including Lt Gen Gagnon (US Space Force) and MAJGEN Novak (Australian Space Command) just visited Canberra for a live demo of ATLAS-R. For anyone holding EOS, this photo is the missing link between killing drones and commanding the stars. What is ATLAS-R? Next-gen, relocatable Space Domain Awareness (SDA). Space Control capability: Officially described by EOS as providing scalable power levels for mission needs ranging from deterrence to active engagement. Relocatable: Can be packed into containers and moved within hours; solving the sitting duck problem of fixed satellite ground stations. The Strategic Blindfold: How Space fits the C-UAS Fight You don't need a satellite to kill a drone, but the enemy needs satellites to win the war. This is where ATLAS-R starts to look very inteterestin; The Intelligence Gap: Modern drone swarms and long-range missiles rely on SatCom for real-time targeting and GNSS (GPS/GLONASS) for navigation. The EOS Solution: ATLAS-R provides Space Control. In official terms, this includes Remote Manoeuvre (using laser photon pressure to move objects) and Active Engagement (the industry euphemism for dazzling or blinding enemy ISR satellite sensors). The Result: While Slinger and Apollo handle the hard kill on the ground, ATLAS-R collapses the enemy’s theater brain. It blinds the spy satellites providing the target data and disrupts the comms links guiding the swarms. Why the US Space Force is in Canberra The US has a massive blind spot in the Southern Hemisphere. They have the fleet, but they need the lookout. By hosting Lt Gen Gagnon, EOS is positioning itself as a core provider for the Allied Space Enterprise. This is AUKUS Pillar 2 in physical form: high-energy lasers that are ITAR-free, allowing Australia to provide space control for the entire alliance without the usual US export red tape. The Technology Family Tree The star wars pivot works because the tech is modular: Space: ATLAS-R (High-Power Space Control) Ground: Apollo (Medium-Power Laser C-UAS) Kinetic: Slinger (30mm Precision Hard-Kill) They all share the same EOS eye (Beam Director) and the same brain (C2 software). When you buy into EOS, you’re buying a platform that scales from killinga $2,000 quadcopter to neutralizing a multi-billion dollar satellite. Where $EOS.AX actually is right now Validation: Successfully demonstrated to the two most powerful space commanders in the alliance. Preferred Tenderer: EOS was just appointed to the Australian Space Agency’s Space Capabilities and Services Panel (April 2026). Proven Track Record: EOS has been using lasers to move space debris (Remote Manoeuvre) at Mt Stromlo for years. Moving from moving junk to active deterrence is a software and power-level upgrade they’ve already mastered. Very excited to see where things head over the coming weeks / months with $EOS.AX - I own a significant holding, and continue to buy, especially on validation pieces like this. 🫦🇺🇸🇦🇺🫡

L3HARRIS $LHX DELIVERING COUNTER-DRONE SYSTEMS TO US ARMY

Oh my ...

Two big pieces of news that are very bullish for Kraken Robotics ( $KRKNF $PNG.V) dropped last month. Both about Anduril's Dive-XL. Kraken supplies Anduril's Dive-XL and makes more than CAD $10M from every single one. 1) Today: AUKUS announced its first signature Pillar 2 project, focused on underwater drones. UK alone committed >£150M. Anduril publicly confirmed it's involved. 2) Military Times Dive-XL feature (May 11). Anduril Maritime's Head of Growth on the US Navy CAMP program: "in partnership with the US Navy, hopefully move into high rate production here by the end of calendar year." DIU and the US Navy picked Dive-XL for CAMP in March. High-rate production targeted end of CY 2026. Demand stack: → A$1.7B Royal Australian Navy contract → US Navy CAMP, high-rate production targeted end of CY 2026 → AUKUS Pillar 2 underwater drones project, Anduril publicly involved Anduril is private at ~US$30B . Kraken is the public way to own the supplier base.

AUKUS Pillar 2 is an important step toward accelerating the capabilities our nations need. Dive-XL was built from day one so that the U.S., Australia, and the U.K. militaries can rapidly integrate and deploy advanced autonomous undersea capabilities and developing payloads. Right now, we are doing just that in all three AUKUS countries.

Decided to size up a bit on my #1 favourite stock last week. After enjoying the gains in photonics and memory earlier this year with $SOI (entered at €48), $AAOI (entered at $47) and $MU (entered at $338), I've moved on to just $EOS.AX. ($GP6 is the European ticker of $EOS.AX, for diversification purposes) EOS is becoming a full stack air defense prime. They offer sensors, AI command and control (MARSS NiDAR), kinetic effectors (RWS, interceptor drones, rocket and missile systems), and directed-energy lasers (Apollo 100 kW today, 300 kW C-RAM in development). The kill chain is combat proven in Ukraine and Iran, the order book is at an inflection point. The market still treats it like a niche Australian small cap rather than the global defense prime it's turning into. AI / Photonics / Memory is starting to feel a little hot after a huge run, where the reward doesn't justify the risk for me personally. Defense stocks are still beaten down, even after their jump following the Trump investment news. Especially C-UAS focused stocks, after the Iran conflict exposed how unprepared the West still is, are structurally underappreciated. The US has spent billions on million-dollar Patriot and SM-2 interceptors trying to shoot down $20-50K Shahed drones, a cost equation that simply cannot scale. The Australian market has lagged the S&P 500 too, and if a deal with Iran is actually close it should benefit Australia a lot. I also believe that the next 6-12 months should bring the contract conversions that force a rerate in the stock: massive Apollo lasers, MARSS and RWS orders worth multiple billions of dollars. I expect Europe and the Middle East to be major customers in the near future.

$EOS.AX and the Netherlands The Dutch Ministry of Defence published their official project overview last week - Defensie Projectenoverzicht 2026. 162 pages of government procurement and EOS is in there, named explicitly. Translated directly: "The development of a prototype High Energy Laser has been expanded with the development and testing of a low-cost C-UAS self-defence system for integration on various Remote Controlled Weapon Systems. The development of both systems was commissioned in 2025 and 2026 from the Australian EOS. The laser factory where the product is manufactured has opened in Singapore." Three things confirmed in that paragraph; 1 - The Apollo contract has expanded in scope; now includes a low-cost C-UAS system for integration across multiple Dutch RWS platforms. New work, not previously announced. 2 - The Singapore production facility is open and manufacturing. 3 - South Korea, with the help of Dutch industry, is acquiring an identical prototype; language that sits alongside EOS's conditional US$80M Goldrone contract in Korea. Now here's where I'm joining dots rather than stating fact. A separate article this week shows the Netherlands upgrading its Boxer armoured vehicles with RWS counter drone capability. cuashub.com/en/content/nethe… Neither document names EOS as the specific Boxer contractor. However - EOS's own website shows their RWS was live-fire tested on Dutch Boxer APCs back in 2021 by the 13th Lichte Brigade. eos-aus.com/news/dutch-boxer… The Dutch government document then confirms EOS was commissioned in 2025 and 2026 to build C-UAS integration for Dutch RWS platforms. And the Boxer upgrade article describes exactly that; RWS counter-drone integration on Boxers. Three separate sources, pointing in the same direction. Could be coincidence but worth watching. What isn't dot joining is a government primary source document explicitly naming EOS, confirming expanded contract scope, an open production facility, and a Korean technology transfer pathway. Shout out to @TheObserverCap for bringing this to my attention, well worth a follow!

If you're new to $EOS.AX, here's everything that matters. I think this is a prime in the making. Here's why. What they actually do Electro Optic Systems is an Australian defence technology company with four decades of experience in lasers, optics, and weapons systems. They build remote weapon stations, high-energy lasers, counter-drone systems, and space domain awareness infrastructure; and now the AI command-and-control layer to connect all of it. Land EOS has sold over 2,500 remote weapon stations globally. Their R400 Slinger is battle-proven in Ukraine; 160 systems deployed, with the Ukrainian Ambassador visiting EOS headquarters this week and publicly confirming the Slinger is receiving positive operational feedback from the battlefield. General Dynamics selected EOS as sole partner to integrate the R400 autonomously onto the M1 Abrams tank. Thousands of platforms, $3B addressable market over 15 years. Counter-drone Apollo is their 100kW high-energy laser. The Netherlands signed the world's first 100kW HELW export contract at €71.4M, and it's running six months ahead of schedule. Their Slinger cannon system is the kinetic layer. EOS has recently acquired MARSS, bringing NiDAR; an AI-enabled command and control system with 60 fielded systems globally as the brain connecting everything. EOS can now sell a full integrated kill chain - detect, decide, engage. Sea EOS doesn't build ships. What it does is provide the weapon layer on unmanned surface vessels. R400 RWS demonstrated on BlackSea Technologies' USV at Sea-Air-Space in April alongside Lockheed Martin. A €31M order for Slinger counter-drone systems configured for naval deployment; EOS's largest ever naval RWS contract, funded by a Western European government. Space This is the part most people miss. EOS has been tracking objects in orbit from Mount Stromlo for four decades. Atlas Space Control - unveiled at IAC 2025 - weaponises that capability. Ground-based high-energy lasers, fixed or mobile, scalable from surveillance through to active engagement. As Russia parks military satellites 500 metres from commercial imaging assets supplying Ukraine, this stops being a niche product. They just appointed Air Vice-Marshal (Ret'd) Catherine Roberts to the board; inaugural Commander of Defence Space Command in Australia, 40 years of aerospace engineering, and oversight of $16B in major programmes. They're stacking the deck to own the space domain. C2 - the connective tissue Without command and control, EOS is a components vendor, but MARSS NiDAR changes that. It fuses sensors and orchestrates effectors across all domains at machine speed. The integrated EOS-MARSS stack has already defeated Iranian Shahed drones defending Gulf infrastructure in active conflict. Netherlands World's first export contract for a 100kW high-energy laser weapon @ €71.4M and running ahead of schedule. The Dutch client is already signalling readiness for serial production orders before first delivery. This is NATO reference architecture. Germany Defence Minister Pistorius visited Mount Stromlo in March 2026. CEO Schwer presented binding offers for 10 Apollo 100kW systems (€380M) plus Atlas. EOS pitch - twice the power, half the price, half the time. A German CEO with Rheinmetall executive pedigree doesn't walk into those rooms by accident. Middle East 500 EOS remote weapon stations already in Emirati service. Calidus - Abu Dhabi's major defence integrator - took a A$40M strategic stake in EOS and is co-producing systems in a UAE manufacturing hub. Their joint system DAMITA is the UAE's first indigenous integrated counter-drone platform; EOS laser, EOS turret, MARSS NiDAR brain. This is the Gulf reference architecture, with a clear replication path into Saudi Arabia, Kuwait, Qatar, and Bahrain. Africa MARSS is finalising a >US$190M C4I programme with Nigeria's Ministry of Defence; NiDAR as a national command architecture, regional hubs, ISR UAVs. One of the largest defence programmes ever commissioned in Africa, with both sides publicly confirming they're moving toward contract signature. When it converts, it pushes the combined order book toward A$1B. The ITAR advantage US laser and defence companies are world class but export restricted, whereas EOS is ITAR free. They can sell to Europe, the Middle East, and Asia without years of Washington approval. That's not a minor detail; it's the entire competitive moat in a market where every NATO ally is scrambling to rearm. The numbers Order backlog - A$700M and growing. Gross margins - 76%. Net cash: ~A$235M post capital raise. A$190M institutional raise just completed with Calidus as strategic anchor investor. The setup The market is still pricing this like a small Australian manufacturer. The order book, the partnerships, the product depth, the combat validation, and the geopolitical tailwinds say something else entirely. Air, land, sea, space, and the brain to run them. That's the company EOS is becoming.