EOS joins the big league

Canberra-based Electro Optic Systems (ASX: EOS) has joined the list of Australia’s top 40 defence contractors published by the prestigious Australian Defence Magazine. The company, which makes laser systems to track space debris, optical telescopes, and remotely operated weapons (ROW) systems, is the country’s third largest SME defence business. EOS Defence CEO Grant Sanderson told…

SMEs little changed by banking royal commission

By Peter Roberts The banking royal commission has given little hope of change for small business dealings with the banks. Commissioner Hayne did not recommend extending consumer protections to SMEs, though there are avenues open to legislators that might beef up existing protections. Hayne said: “With some exceptions, I generally do not favour altering the…