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3.92% $1.60 electro optic systems holdings limited

The Sovereign Missile Alliance (SMA), an incorporated joint...

  1. LostMirror
    64 Posts.
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    01/03/22
    08:27
    Post #: 59887895

    The Sovereign Missile Alliance (SMA), an incorporated joint venture company backed by founding Australian equal shareholders Electro Optic Systems (EOS) and Nova Systems, has announced its intention to collaborate with Diehl Defence on the Sovereign Guided Weapons Enterprise. This follows the announcement of the enterprise in 2021 by the Australian Prime Minister, Minister for Defence, Minister for Defence Industry and the Minister for Industry, Science and Technology.

    The enterprise will support missile and guided weapons manufacturing for use across the Australian Defence Force. The SMA, together with EOS and Nova Systems, seeks to be 'a strategic industry partner and a key contributor to the enterprise'.

    Germany-based Diehl Defence is a prime supplier and well-established contractor for guided weapons technology. EOS says the proposed cooperation of Diehl Defence with the enterprise will provide the opportunity for further applications of its guided weapons capabilities, while Australian defence industry will benefit from the transfer of proven technology.

    https://hotcopper.com.au/data/attachments/4127/4127952-54c122e4c02bff9d0e9af2984000bf2d.jpg
    https://hotcopper.com.au/data/attachments/4127/4127955-5de03d1bd4503960e717c74153b1edbc.jpg
    LINK: https://www.australiandefence.com.au/news/sma-announces-intention-to-collaborate-with-diehl-defence
    EOS Price at posting: $1.84 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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