ASX defence stocks for buying in November

Amid rising geopolitical tensions and growing global defence spending, these companies across the defence sector are securing major contracts which makes them compelling buys for investors.

defence stocks for buying in November

Electro Optic Systems Holdings Limited (ASX: EOS)

Austal Limited (ASX: ASB) 

DroneShield Limited (ASX: DRO) 

Electro Optic Systems Holdings Limited (ASX: EOS)

one of Australia’s most innovative defence players with a series of new contracts and global partnerships that have strengthened its position.
EOS secured a landmark export order for a 100kW High Energy Laser Weapon from a NATO member nation in Western Europe worth €71.4 million and it also won a $108 million contract with Hanwha Australia to supply remote weapon systems for the Australian Defence Force’s LAND 400-3 program.

EOS reported $91.5 million in total cash holdings at the end of September 2025 and receipts from customers totalled $16.5 million for the quarter.
The company launched its “Apollo” High Energy Laser Weapon system at the DSEI Defence Exhibition in London and it also introduced its “Atlas” Space Control System at the International Astronautical Congress in Sydney which is designed to protect satellites and ground assets from potential threats in orbit.

Austal Limited (ASX: ASB) 

delivered a year of impressive progress in FY25 as company achieved revenue of $1.82 billion which is a 24% increase from last year and net profit after tax of $89.7 million which grew by 503%.
Austal’s order book reached a record $13.1 billion which includes multiple long-term projects across Australia and the United States.

The company also achieved a major step forward in submarine module manufacturing with the construction of its US$450 million Module Manufacturing Facility 3 in Alabama.
The company was officially approved as the Commonwealth of Australia’s Strategic Shipbuilder which is a great milestone that secures its role in delivering critical naval programs in future.

DroneShield Limited (ASX: DRO) 

recently faced a dip due to the vesting of 44.45 million performance options but this does not change the underlying strength and demand for its technology. 
The company said that the total number of new options issued will not exceed 1% of its issued share capital which will protect shareholders from any significant dilution.
They also secured a $25.3 million contract in Latin America which will be delivered and paid across Q4 2025 and Q1 2026, further strengthening its presence in a region where it has already built long-standing customer relationships.

DroneShield delivered a great performance in 3Q25 with revenue of $92.9 million which is a massive jump from only $7.8 million in the same quarter last year.
SaaS revenue climbed to $3.5 million for the quarter, reflecting the growing software contribution as the business scales.

(Source: Company Reports)