Defence, space and communications group Electro Optic Systems (ASX: EOS) has completed the raising of $68 million in a placement to institutional investors. The capital raising was undertaken to support EOS’s forecast earnings which have been revised upwards on a strong order book and the establishment of a new space communications division. EOS group CEO…
Canberra-based electronics and systems developer Electro Optic Systems (ASX: EOS) has completed the takeover of communications business EM Solutions and released increased profit forecasts for the year. The company is now a subsidiary and a foundation for EOS’s new communications division, alongside its divisions in defence and space business. EOS’s expertise is in laser communications…
Canberra’s Electro Optic Systems ((ASX: EOS) has established a new business segment EOS Communications Systems joining its existing defence and space systems businesses. The company has invested more than $250 million over nine years, including $50 million from government grants here and in the United States, to prepare for its communications foray. The company, best…
Defence ministers have announced that two armoured personnel carriers have been short-listed to replace the army’s armoured personnel carriers. Defence minister Linda Reynolds and defence industry minister Melissa Price named Hanwha Defense Australia and Rheinmetall Defence Australia, beating out two other contenders. LAND 400 Phase 3 programme will replace existing M113 Armoured Personnel Carriers with…
Space Syatems and weapons manufacturer Electro Optic Systems (ASX: EOS) is in the middle of an international political storm with photographs emerging which put into question its arms exports to the Middle East. EOS, which makes weapons systems that can be remotely operated from inside the protection of an armoured car, has a $450 million…
Defence and space manufacturer Electro Optic Systems (ASX: EOS) has celebrated 21 years of continuous operation of its EOSCOM communications and science test satellite. The satellite was launched on 17 July, 1998 from Baikonur Cosmodrome in Kazakhstan and has been involved in numerous scientific experiments and helped developed advanced technologies and devices. EOS is best…
Australian defence and space manufacturer, Electro Optic Systems (ASX: EOS) has been added as the sixth company competing to design an upgraded weapons systems for the US Army’s Stryker armoured vehicle. Previously five US companies had been named to share funding to develop proposals to upgrade the Stryker’s weapon to a 30mm high performance cannon…
Canberra optics and weapons systems manufacturer, Electro Optic Systems (ASX: EOS) has denied its powerful weapons systems have been deployed in the bloody conflict engulfing Yemen. As reported in @AuManufacturing, EOS was criticised for a $450 million arms sale to the UAE which many believe will end up being used by Saudi Arabia against rebels…
Space and defence industry contractor, Electro Optic Systems (ASX: EOS) has won a contract worth $450 million to supply remotely operated weapons systems to the UAE Navy. The announcement, made at the International Defence Exhibition (IDEX) in Abu Dhabi, reflects the exercise of options in a previously announced deal. EOS Group CEO, Ben Greene said:…
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…
