Ann: EOS Defence Systems Executes Order, page-16

This order alone almost triples the revenues for the next 2,5 years on a annualized basis. 170 million aud to 2020, 68 million annualized, although the majority of the revenues will kick in towards the end of the contract date. Compared to 25 million revenues in 2016…This large order validates EOS industry leading Advanced RWS technology and the short term downside risks are now vanished.


End of year order backlog expected to exceed 500 million aud for R-400S-Mk2 weapon system.


In the next 5 years they expect 2,2 billion USD in sales for R-400S-Mk2 weapon system. For the EOS R2000 Remote Turret System they estimated: global market size > US$11b from 2018-2025, management estimate, and 20% market share. And last, EOS Space systems. The potential market for data is large, >$2b from 2019-2029 based on customer budgets, according to the company. Orders are expected to kick in end of 2018.


I am not Australian, but would’t you expect a little Australian high tech company transforming into a global market leader to attract a lot of press coverage?


End of 2018, if all goes according to plan, I expect a share price of at least 8 to 10 dollar. Perhaps much higher.

Cheers