EOS 4.98% $1.58 electro optic systems holdings limited

Currently most satellite operators, self insure, ie if something...

  1. 475 Posts.
    Currently most satellite operators, self insure, ie if something happens they pay for it. Eos mgmt believe that once their system covers more of the sky, via a second telescope, that verses radar, laser will be much more precise in tracking satellites and debris. In doing so, they can offer satellite operators a risk mitigation system, for a fee. Also as orbits change daily, these data contracts need to be ongoing. I think they said there was $500 bill of commercial satellites, who would likely benefit from an insurance system.
    Eos has spent l think $83 mill on their tracking system, which has been certified by the US Air Force, hence works. My thinking with Eos now having done a JV with Lockheed, obviously they think this is 'commercial'. I think this is a really good business, yet might take 12 mths to play out.
 
watchlist Created with Sketch. Add EOS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.