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

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

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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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

Contact

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 - nmorandi@actus.fr

Jean-Michel Marmillon - Press Relations - Phone: +33 (0)1 53 67 36 73 - jmmarmillon@actus.fr

Source: Actusnews