Tuesday, August 26, 2014

Space junk deal sees Electro Optic Systems shares rocket more than 30 percent

Shares in a small company that tracks space junk have gone into orbit after it struck a deal with the US defence giant Lockheed Martin.

The strategic partnership announced this morning by Electro Optic Systems will see the development of a tracking centre in Western Australia to detect and monitor 25 percent of all space junk.

The massive problem of space junk was illustrated last year in the film "Gravity".

News of the deal with Lockheed Martin saw E-O-S shares rocket by more than 30 percent.

I spoke with chief executive of E-O-S, Dr Ben Greene, on the The World Today.

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