ECA Group has been awarded two contracts for a total amount of close to €9 million for the supply of a specific equipment to a client in the Defence sector. They follow another contract awarded to the Group by the same client at the beginning of the decay.
The execution of these contracts will start in 2018 with a firm tranche nearing €2 million for the design and approval of technical requirements. Following the approval, a conditional tranche of approximately €7 million will be executed in 2019.
ECA Group regularly supplies specific equipment using the multidisciplinary skills of its robotics, electronics and safety engineering departments for aeronautics or nuclear industries.
These new contracts illustrate ECA Group's ability to offer tailor-made solutions and win such contracts in the Defense field.
This press release could contain statements on past events and forward-looking statements including statements regarding future goals or targets. Forward-looking statements reflect current expectations for results and future events.
Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that may cause actual results, performance or events to differ materially from those anticipated herein. All these risks and uncertainties could affect the Group's future ability to achieve its targets. Risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements and targets include, among other things: the risks and uncertainties mentioned in the press release; the strength of competition; the continuing growth of the market; currency fluctuations; interest rate fluctuations; raw material price fluctuations; armed conflicts or political instability; control of costs and expenses; changes in tax legislation, rules, regulation or enforcement; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel and key personnel; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; supply chain and manufacturing bottlenecks; the performance of our business partners (subcontractors, agents, suppliers, etc.).Some of these risk factors are set forth and detailed in our Document de Référence (Registration Document including the annual financial report filed with the French Autorité des Marchés Financiers). This list of risks, uncertainties and other factors is not limitative. Other non-anticipated, unknown or unforeseeable factors could also have material adverse effect on our targets.
|ECA Group |
Recognized for its expertise in robotics, automation systems, simulation and industrial processes, the ECA Group has been developing complete, innovative technological solutions for complex missions in hostile and confined environments since 1936. Its product offering is designed for an international client base that is demanding, both in terms of safety and effectiveness. The Group's main markets are in the defense, maritime, aeronautics, simulation, industrial and energy sectors.
In 2017, the Group reported revenue of €112109.3 million across its three divisions: Robotics, Aerospace and Simulation.
The ECA Group is a Groupe Gorgé company.
The ECA Group is listed on Euronext Paris Compartment B.
ISIN Code: FR0010099515
Ticker Code: ECASA - Bloomberg Code: ECASA:FP
|ECA Group |
T : +33 (0)1 44 77 94 80
Chief Executive Officer
T : +33 (0)4 94 08 90 00