Im not sure if this is just lazy journalism, but as late at as in January this year the company said this in an ASX filing:
" EOS took part in discussions with Hanwha in relation to the Land 400 Phase 3 Project in
Australia. Under this project, Hanwha has been selected to deliver 129 vehicles to the
ADF in 2027 and 2028. EOS expects that it may receive the opportunity to provide RWS
to Hanwha as part of this project. In addition, EOS may also have the opportunity for a
share of work in support of the manufacture of turrets for Hanwha. EOS expects
discussions to continue during 2024."
So either the Elbit contract announced this week means EOS share of turret manufacture is zero or the negotiations are continuing or EOS doesnt know what is going on and hasnt been told or they have misled the market in ASX filings. The CEO in the earnings call in response to a Q on Redback and the Elbit contract did not mention that EOS had now lost out and the T2000 programme was dead- but just mentioned supply of RWS. He should have said straight up we are now not involved in turret manufacture if that is the case.
Also, EOS should announce a clarifying announcement to the market to say EOS participation in turret manufacture is now Zero, as this is material imo, in response to media reports.
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