EOS 4.66% $1.24 electro optic systems holdings limited

UAE signs deals worth 1.1 Billion defence contract, page-8

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    It was a previously established deal for $410 million that was upgraded to $450 million.  So the net increase in the contract was $40 million.

    This $450 million announcement is effectively an upgrade of $40 million to the contract valued at $410 million previously announced by EOS on 31 January 2018.

    The majority of this backlog will be produced at EOS' Australian plant at Hume, ACT.  Production capacity in EOS' Huntsville plant in the USA  will be added as awards expected late in 2019 are secured.


 
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