Nov 21 (Reuters) - Electro Optic Systems Holdings Ltd EOS.AX :
* ANNOUNCES INSTITUTIONAL PLACEMENT OF NEW FULLY PAID ORDINARY SHARES IN EOS TO RAISE $68 MILLION
* UNDERLYING EBIT NOW EXPECTED TO GROW TO AROUND $33-35 MILLION FOR FY2020
* FORECAST UNDERLYING EBIT GROWTH RATE FOR FY ENDED DEC 2020 AS COMPARED TO FY ENDING 31 DEC 2019 ABOUT 70%
* REAFFIRMS ITS FORECAST EBIT OF $20 MILLION FOR FY 2019
* EXPECTS TO BRING ONE NEW PLANT ON LINE EACH YEAR FROM 2020 TO 2022 INCLUSIVE
* EXPECTED THAT BACKLOG AT 31 DECEMBER 2019 WILL GROW TO ABOUT $630 MILLION
* RAISED ITS PREVIOUS FORECAST EBIT FOR FY2020 FROM $32 MILLION TO $36-38 MILLION
* ABOUT$2 BILLION OF CONTRACT AWARDS FOR CURRENT PRODUCTS EXPECTED OVER THREE YEARS TO DECEMBER 2022
* WILL CONDUCT AN OFFER OF NEW SHARES UNDER A SHARE PURCHASE PLAN TO EXISTING SHAREHOLDERS
* 3 NEW DEFENCE PLANTS IN UAE, USA & SINGAPORE ON TRACK TO LIFT TOTAL CAPACITY TO $900 MILLION ANNUAL REVENUE BY 2022