EOS 1.06% $1.91 electro optic systems holdings limited

In the space announcement the other week it mentioned that there...

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    In the space announcement the other week it mentioned that there was minimal capital outlay and government funding secured. I have highlighted what I think is the funding.....



    An extract from the article is below
    The 2016 defence white paper committed $195bn in defence spending over 10 years; the new strategic plan will boost that to $270bn over the decade to 2029.The update includes a $75bn expansion to maritime forces to “provide greater capability for anti-submarine warfare, sealift, border security, maritime patrol, aerial warfare, area denial and undersea warfare”.Between $168bn and $183bn will be spent on upgrades to Navy and Army fleets and $5bn-$7bn on undersea surveillance systems including hi-tech sensors. Between $6.2bn and $9.3bn will also be spent on developing “high speed long range strike” and hypersonic missile technology as well as an estimated $400m-$500m in long-range maritime strike missiles, including the joint strike missile capable of low level flight up to 500km.A further $10bn-$17bn investment will be made in fighter aircraft, signalling the possible expansion of the JSF acquisition program, and $5bn for an expanded long range air launched strike capability. A $1bn investment will be made in Operational Radar Network expansion, while $70bn will be spent on increased combat power for army and land based forces, drone vehicles and long range rocket artillery.
 
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