Codan (ASX:CDA) acquires Adaptive Dynamics IP for A$21m, adding anti-jamming and electronic warfare capability to DTC Communications.
Defence Stocks
Vection Technologies (ASX:VR1) books A$1.1m in fresh defence and Algho AI orders, lifting its cumulative Defence Programme to roughly A$30.6m.
Electro Optic Systems (ASX:EOS) has closed the MARSS acquisition, lifting its order book towards A$726m and shifting focus to 2027 margin delivery.
IperionX (ASX:IPX) commissioned a 300-ton SACMI powder metallurgy press in Virginia, tripling capacity and reshaping the customer conversion timeline.
Hydrix (ASX:HYD) raised A$3.89m in the institutional leg of a 6-for-1 entitlement offer at A$0.005 to fund a defence technology pivot.
Metallium (ASX:MTM) has won a US$1m Department of War Phase II SBIR contract to scale gallium and germanium recovery from e-waste in Texas.
KTEK Aerosystems (ASX:KTK) has listed with UAV defence exposure, revenue growth and clear balance sheet risks investors need to watch.
Pure Resources (ASX:PR1) appoints sitting AML3D CEO Sean Ebert as Board Adviser, signalling a defence materials re-rate path modelled on AML3D’s playbook.
Electro Optic Systems Surges on MARSS Deal Update
Electro Optic Systems (ASX:EOS) climbed around 4.6% on Friday to A$8.86 after the company revised the terms of its MARSS acquisition and confirmed fresh Middle East defence contracts. The deal expansion lifts the earnout cap from €100 million to €140 million (around A$226 million), reflecting stronger confidence…
Civmec (ASX:CVL) lifts its order book 70% to A$1.3bn in Q3 FY26 as defence funding and resources tenders converge.
