From the latest edition of the Australian Defence Magazine
http://www.australiandefence.com.au/news/e...-to-meet-demand
EOS expands capacity to meet demand
18 Aug 2010
Electro Optic Systems Holdings Limited (EOS) has been awarded a new contract for delivery of remote weapon systems.
The contract value is approximately $10 million and the systems will be delivered within six months.
The order is from an existing customer for EOS remote weapon systems, and specifies the delivery of EOS R-400 products.
"This award lifts the quantity of unfilled orders for weapon systems above the current annual production capacity of EOS for specific product variants," Ben Greene, CEO of EOS, said.
"With ongoing marketing efforts, we expect the existing capacity limits to be inappropriate for future operations."
In order to cope with their order book EOS has planned a simultaneous consolidation and expansion of its production capacity in the US.
The Barrington (Illinois) production plant acquired from ROI in November 2009 will be closed immediately and EOS' production capacity in Tucson (Arizona) will be substantially expanded.
"The consolidation will result in substantial cost savings for EOS, while the expanded Tucson capacity will meet current and future demands," Greene said.
The company will continue to work with CROWS partner Northrop Grumman as the program expands.
From the latest edition of the Australian Defence...
Add EOS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.34 |
Change
0.060(4.71%) |
Mkt cap ! $271.0M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.34 | $1.27 | $864.8K | 659.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6476 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 392 | 1 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| EOS (ASX) Chart |
