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EOS rushes to lock in working capital as ASX suspension drags

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ASX-listed defence business Electro Optic Systems is burning the midnight oil to pin down its working capital facility, while working through cost-cutting measures and a potential US restructure in the background.

Chief of Army Lieutenant General Peter Leahy (right) is farewelled from service in 2008. Leahy is now EOS’s chair.  Andrew Taylor

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

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Original URL: https://www.afr.com/street-talk/eos-rushes-to-lock-in-working-capital-as-asx-suspension-drags-20220901-p5beji