EOS 1.54% $1.28 electro optic systems holdings limited

This is from the Annual report released in May 15, a good read....

  1. 475 Posts.
    This is from the Annual report released in May 15, a good read. They state "weapons" have 3 contracts, best case, to be awarded by end of 2015, (one has since been awarded) plus a large Australian Gov turret contract likely in 2016. I think they likely sell those turrets for a couple of mill each (go on tanks). Even 250 *2 mill = $500 mill, potential contract. Not bad given "weapons" is only part their business, with "space" likely their main focus. From Annual.

    "EOS is in the latter stages of competition for three
    international contracts. In each case EOS, participating
    through a local partner, was shortlisted from a broad
    competition and has led the competition in performance
    and reliability trials over the past 18 months.
    The final stage of competition will involve updated
    pricing proposals. These three programs are expected
    to proceed to contract award in late 2015 subject to the
    availability of funds to each customer.
    Australia is expected to procure turrets for hundreds of
    armoured vehicles under its LAND 400 program, which
    will be awarded in 2017, and tenders were called by the
    Commonwealth on 19 February 2015. EOS intends to
    participate in this procurement."

    The thing I like about the debris tracking, is that it is a "growth mkt" as explained below. Hence could offer further growth in revenue going forward. From Annual.

    "There is now substantial momentum towards
    achievement of sufficient sensors and data under
    control of EOS and Lockheed Martin, acting
    in cooperation, for that team to provide risk reduction
    in space operations for space assets facing the highest
    risk from space debris. The value of protected assets will
    increase in future as more sites and sensors are added."
 
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