EOS 1.55% $1.59 electro optic systems holdings limited

This also came out earlier this morning via a journal:...

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    This also came out earlier this morning via a journal: https://www.aumanufacturing.com.au/science-and-industrys-role-in-our-new-defence-posture

    Highlights are:

    The the past half dozen years of intense focus on strengthening the relationship between defence science and industry, and between Australian SMEs and major prime contractors, puts industry in a stronger position than it has been since the 1960s to contribute to national security.

    While in the 1960s we developed and made systems such as the Ikara anti-submarine missile and the Jindavik pilotless drone, this time it will be hyperosnic, communications and space technologies that will be our contrbution to defence.

    Take satellites, for example.
    Only last year one of our largest defence experters, Electro-Optics Systems cemented a third leg for its business buying satellite and communicatons systems businesses in Australia and the US.

    The new space communications business is developing a network of communications satellites that could easily be purposed as Australian defence assets, and also the US operation is developing directed energy weapons.

    EOS is just one of a number of companies whose fortunes have turned around in recent years – it has an order backlog of more than $600 million including massive export sales to the Middle East.

 
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