Projector associated with an eigenvector

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I am reading a research paper and I can't quite get what a projector associated with an eigenvector is.

extract from the research paper

where $\Lambda$ is an nxn matrix.

Can anyone please help. Many thanks.

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Given an eigenvector there is an associated eigenspace (spanned by the vector). The corresponding projector is the orthogonal projection onto that subspace. If you take your eigenvector unitary say $u$ ) then the matrix of the projector is $P=uu^T$