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Electro Optic Systems Holdings Announces to be in Contract Negotiations with Commonwealth Government

03 Jul 2020  |  18:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: EOS in contract negotiations with Commonwealth Government

Electro Optic Systems Holdings announced that it has entered into contract negotiations with the Commonwealth of Australia for the acquisition of 251 Remote Weapon Stations and related materiel. The Company updated that a joint statement relating to this contract by the Prime Minister Scott Morrison, Minister for Defence Linda Reynolds and Minister for Defence Industry Melissa Price can be found at: https://www.pm.gov.au/media/new-weapons-boost-army-capability-and-secure-jobs. The Company further updated that the acquisition will not interfere with any existing export orders because those have been deferred by customers for up to 12 months and will remain in backlog for later delivery.

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