Defence manufacturer Electro Optic Systems has sold off its naval satellite communications arm EM Solutions only five years after buying the business, further focusing EOS on its core business of Remote Weapon Systems. EOS entered into a binding share sale agreement to sell the Brisbane subsidiary to UK listed Cohort plc for an enterprise value…
Defence and communications manufacturer Electro Optic Systems has executed a recovery reporting an underlying EBITDA profit of $11.5 million for the half ended 30 June, compared to an Underlying EBITDA loss of $14.8 million in the previous corresponding period. The manufacturer of remote weapons systems used in Ukraine reported group revenue of $142.6 million for…
AnteoTech engages with EV manufacturers to incorporate its anode materials Clean energy technology company AnteoTech is now engaged at different levels with the majority of European EV manufacturers as they seek to incorporate higher performing anodes in their vehicle batteries. At the recent The Battery Show, in Stuttgart, Germany the company continued to move towards…
AMSL appoints new CEO Passenger EVTOL maker AMSL Aero has announced that Max York is the company’s new Chief Executive Officer and Managing Director. York was described in a statement on Monday as an experienced commercial executive, military veteran and board director who will lead the company in partnership with co-founders Andrew Moore and Siobhan Lyndon as…
EM Solutions, a maker of satellite and microwave communications products, has completed the first stage of its Brisbane factory’s expansion, which it says is required to accommodate the design, manufacture and testing of its flagship Naval SATCOM systems. In a statement on Thursday, the Electro Optic Systems (EOS) subsidiary said the expansion includes a new,…
Communications manufacturer EM Solutions has successfully completed the first of its system level tests for a transponder developed for Telesat’s LEO 3 demonstration satellite. Launched on 18 July, the satellite payload features both Ka and V-band uplinks and downlinking on either Ka or Q-band according to an announcement. Its compact size, weight and power consumption…
By Peter Roberts Defence, space and communications manufacturer Electro Optic Systems has beefed up its finances achieving a net cash balance of $42.2 million as at June 30 as it expands to cater for a raft of major new orders. On 30 June the Canberra company received a $17.2 million tax refund from the federal…
The federal government’s Capability Acquisition and Sustainment Group (CASG) has selected EM Solutions to upgrade the Royal Australian Navy’s SATCOM systems across its existing fleet of vessels, sparking a major expansion for the Brisbane company. Worth $150 million over seven years, this is by far the largest contract ever signed by EM Solutions which will…
STÄRKE expands into injection moulding STÄRKE Advanced Manufacturing Group has announced the acquisition of the complete assets of RIAN INDUSTRIES, a 22 machine injection moulding business in Melbourne. Group CEO Al Jawhari said the company would be known as STÄRKE INJECTION MOULDING PTY. LTD. and combined with the company’s facilities in Adelaide and Detroit, Michigan…