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Context from Wikipedia on the organisations, people and places in this story.
Australian share market operator
Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange. The ASX was formed on 1 April 1987, through incorporation under legislation by the Parliament of Australia as an amalgamation of the six state securities exchanges. It merged with the Sydney Futures Exchange in 2006.
More on Wikipedia ↗Electro Optic Systems signed a record Gulf counter-drone deal as prime contractor. Here is how the contract reshapes its strategy.
Electro Optic Systems shares jumped 8.43% on Friday, recovering some losses after a 24% weekly decline, while investors monitored its growth, guidance and European expansion plans.