Electro Optic Systems Holdings Limited (ASX:EOS) (OTCMKTS:EOPSY) today announces that it has secured a new order for Remote Weapon Systems amounting to EUR31 million or approximately A$53 million. The order is from a European naval systems integration business, and is funded by a Western European government.
Etherstack Plc (ASX:ESK) is pleased to report that its subsidiary Etherstack Pty Ltd has entered into a subcontract with EOS Defence Systems Pty Ltd, a member of the Electro Optic Systems Holdings Limited (ASX:EOS) group.
Electro Optic Systems (ASX:EOS) (OTCMKTS:EOPSY) has completed development of two new weapon systems aimed at the emerging market for increasing the firepower of armored infantry fighting vehicles. The company also announced the completion of a full support depot for remote weapon systems in Singapore.
Asian Activities Report for January 10, 2012 includes: Xinjiang Guanghui Industry (SHA:600256) has agreed to acquire 51% interest in an oil and gas block in Kazakhstan for US$200 million; Asian Citrus Holdings Limited (LON:ACHL) (HKG:0073) announces that the total winter orange crop yield of the Company's two operational plantations was approximately 171,607 tonnes, a 19.4% increase from the total winter orange crop yield in 2010; Sony Corporation (NYSE:SNE) (TYO:6758) has unveiled its new XQD(TM) memory cards with up to 1 Gbps write and read speed; Suzuki Motor Corporation (TYO:7269) has showcased Ertiga, a three-row, seven-seater multi-purpose vehicle at the 11th Auto Expo 2012 in New Delhi.
Electro Optic Systems Holdings Limited (ASX:EOS) is to re-locate its US remote weapon system' production facilities from Tucson Arizona to Huntsville, Alabama to position alongside the Northrop Grumman Corporation (NYSE:NOC) facility. The move is being made to maximise EOS and NGC's competitiveness as they set out to jointly bid for a major contract for remote weapons systems from the US Army.
Electro Optic Systems Holdings Limited (ASX:EOS) is pleased to announce that Mr Kevin Norbert Scully has joined the Board of the Company as a non executive director effective from 19 September 2011.
Electro Optic Systems Holdings Limited (ASX:EOS) (PINK:EOPSY) provides an update on remote weapon system business.
