Company Report
Last edited 2 years ago
PerformanceCommunity EngagementCommunity Endorsement
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#44
Performance (32m)
-4.3% pa
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#Im Out
stale
Added 2 years ago

Like @Rapstar I have sold out - too much weirdness going on. I do like some of their products and may come back but for now I'm out.

@Rapstar - re your comment on government buying the competitor RWS on the Abrams purchase - Defence is very focussed on keeping that platform as close as possible to US config and as a US FMS purchase it is unlikely to differ very much if at all. Not sure it was ever an option to have the EOS RWS but it would be nice if government did support them more proactively like most other countries do for their local industry.

#Industry/competitors
stale
Added 3 years ago

While I see the Missile Alliance opportunity as a bit of optionality rather than a core component of my valuation for EOS, for those that are interested one of the key competitors to the EOS strategy in this space is the Australian Missile Corporation.  There is a link here to their website.  

https://www.amc.com.au/

They have been very focussed on getting a lot of companies and into the alliance (much more so than the EOS team) and have a high profile board including the former Defence Minister Christopher Pyne.

More does not necessarily equal better and could actually be seen as a riskier option for Government but as with most things in the Defence procurement space, there are many variables and what makes sense to the man on the street or the man in uniform can be very different to what eventually gets procured!