EOS 2.22% $1.62 electro optic systems holdings limited

NASA is preparing to hand off to the private sector much of the...

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    NASA is preparing to hand off to the private sector much of the work of communicating with spacecraft in Earth and lunar orbit.

    https://spacenews.com/nasa-to-hand-off-spacecraft-communications-to-industry/


    EOS is mentioned:


    The latest competitor to enter this market is EOS Defense Systems USA, a subsidiary of Electro Optic Systems Holdings Ltd. of Australia. Instead of relying on existing geostationary satellites for data relay, EOS plans to create a communications network with the spectrum license originally obtained by Audacy, a Silicon Valley startup that planned to send three communications-relay satellites into medium Earth orbit. Audacy closed in 2019 after failing to raise enough money.


    If EOS wins approval from the Federal Communications Commission and the Committee on Foreign Investment in the United States, it will take over Audacy’s license and assets and begin offering service from satellites in orbit by 2024, said John Berry, chairman of EOS Defense Systems and former U.S. ambassador to Australia.

 
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