ECA Group awarded contracts to equip 680 aircrafts with Emergency Locator Transmitters (ELTs) | Bourse Reflex
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ECA Group awarded contracts to equip 680 aircrafts with Emergency Locator Transmitters (ELTs)

Vendredi 03 Mar 2017 à 07:00

ECA Group, through its newly acquired ELTA affiliate, recently won contracts nearing a total of 3 M€ for supply of Emergency Locator Transmitters (ELTs) to equip 680 single aisle aircrafts in Asia, Europe and USA.

Emergency Locator Transmitters (ELTs) help Search and Rescue (SAR) authorities locate aircraft in distress. ELTs are designed to activate automatically under the force of an impact, or can be manually activated by the operator. Currently, ELTs are required to be installed in almost all civil aircrafts .These mandatory equipment are developed under a rigorous process to meet the airworthiness requirements.

"These significant contracts are a result of ELTA's effort to continuously support aircraft manufacturers and airlines by providing reliable products and high quality of service.” emphasizes Gilbert Rosso, Head of ECA Group Aerospace division.

These long-term contracts - value of which can total 3 M€ - demonstrate the ELTA's ability to leverage its expertise in localization by offering innovative solutions.

Leader on the civil aviation market, with more than 26 000 ELTs already installed, ELTA will deliver automatic fixed and portable ELTs to the aircraft manufacturers' assembly lines.

As per ICAO (International Civil Aviation Organization), Air traffic will double in the next 15 years and forecast is a production of more than 33 000 aircraft within 2035.

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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. The Group expressly disclaims any obligation or undertaking to update or revise any forward-looking statements or targets potentially contained in this press release to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based.

The 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 2016, the Group reported revenue of €112.5 million across its three divisions: Robotics & Integrated Systems, Aeronautics and Simulation.

The ECA Group is a Groupe Gorgé company.

The ECA Group is listed on Euronext Paris Compartment C.

Indexes: SBF 250, CAC SMALL 90 and CAC IT- isin Code: FR0010099515

Ticker Code: ECASA - Bloomberg Code: ECASA:FP


ECA Group

Raphaël Gorgé - Chairman - Phone: +33 (0)1 44 77 94 80

Guenaël Guillerme - Chief Executive Officer - Phone: +33 (0)4 94 08 90 00

Actus Finance

Natacha Morandi - Analysts/Investor Relations - Phone: +33 (0)1 53 67 36 94 -

Jean-Michel Marmillon - Press Relations - Phone: +33 (0)1 53 67 36 73 -

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