No, Northrop bought 10 percent of EOS for financing RWS contract to U.S army that they lost to Kongsberg.
Lockheed Martin is the one for space. From a corporate standpoint it would be interesting to see what would happen to Northrop's 10 per cent stake. If I am right they bought that for 4 or 4,50 I don't think they are keen sellers, so although it's only peanuts for them the American way of thinking leads you to believe that if there is no strategic value in it they would sell it for any price. Something until now they have not done.
Morningstar Quant Analysis - EOS overpriced, should be $2.48, page-25
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Last
$1.81 |
Change
0.105(6.16%) |
Mkt cap ! $349.2M | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.85 | $1.70 | $1.650M | 916.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 27493 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| EOS (ASX) Chart |