Optics developer Electro Optic Systems (ASX:EOS) is profitable, and has substantial cash and inventory stores, according to the company.
At its annual general meeting, EOS said the addressable market for its products now exceeds $7 billion.
It is teaming up with Northrop Grumman for a $4 billion US Army remote weapons station contract, and its space unit has won a major contract to supply equipment for the $40 million Australian Space Research Program.
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