EOS denies selling weaponry for use in Yemen

Company News

by Katrina Bullock

Defence company, Electro Optic Systems Holding (ASX:EOS) says that 'no EOS product has ever been deployed to or used in Yemen'.

The clarification comes in response to media speculation.

EOS says that defence products are exported from Australia to allies and coalition partners of Australia and the USA, and access is subject to simultaneous formal approval by both countries.

It asserted that is up to the two controlling governments to determine the applications and users they support.

Shares in Electro Optic Systems Holding (ASX:EOS) closed 1.9 per cent higher at $2.71 yesterday.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.