It depends on contracts won. Most of EOS revenues come from international contracts and COVID-19 has put a huge spanner in that business.
Nuclear submarines are mostly irrelevant to EOS so I don’t see us benefiting from that one way or another. However, one concern is that due to the cost of the program would Defence look for savings in other sectors? Depends on whether the government is willing to raise military spending or not. I can see the LNP doing that as they’ve already hinted as such, but unsure about Labor (who are tipped to have a good chance next election).
Spacelink won’t be seeing implementation until closer to 2023/4 assuming funding is actually successful.
EOS Price at posting:
$3.45 Sentiment: Hold Disclosure: Held
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