EOS 2.16% $3.17 electro optic systems holdings limited

ABC article on EOS

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    Australian next-generation weapons system bound for war crime-accused Saudi Arabia

    The ABC has seen confidential EOS board minutes which describe signing a Letter of Intent (LOI) for the sale of 500 remote weapons systems units which are for the Saudi Ministry of Interior.

    The minutes reveal the company agreed to provide the RWS for use by Saudi Arabia in lots of 20 units from that year.

    EOS has a business arrangement with US arms manufacturer Orbital ATK, via which the RWS is supplied to Saudi Arabia.EOS's chief executive Ben Greene said they provided their weapons system to "the USA", and declined to say whether the end user was Saudi Arabia.

    https://www.abc.net.au/news/2019-02-20/australian-firm-eos-weapons-systems-bound-for-saudi-arabia/10825660
 
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