Whats moving the Electro Optic (ASX:EOS) share price today?

The Electro Optic Systems (ASX: EOS) share price is on the move today, up by 4.6% to $5.23 per share at the time of writing. These gains come after news of an agreement with the United Arab Emirates (UAE) broke this morning.

While investors appear to be reacting differently, the news that the defence and technology company will produce weapons in the UAE has alarmed human rights advocates.

The latest news from Electro Optic Systems

The ABC reported this morning that Electro Optic signed an agreement with the UAE’s Tawazun Strategic Development Fund to produce a new high-tech weapon in the country last month.

The weapon is to be a chain-driven…