Contract Win
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Cohort, the AIM-listed independent technology group, announces that its German subsidiary ELAC has been awarded a 60-month follow-on contract with a value of €16 million. Under the contract, ELAC will deliver the sonar system for an additional unit of a new build submarine program for the Italian Navy. This is the third unit of the overall program, with ELAC also supplying the sonar systems for the first two units.
Andy Thomis, Cohort Chief Executive, said:
"This important order confirms ELAC Sonar's position as a world-leading provider of submarine sonar systems. ELAC's cutting-edge technology for passive sonar systems significantly improves detection accuracy and allows for multi-functional operator stations to execute various sonar applications aboard the submarines. Together with other recent wins across the Group, this contract further underpins our order book and enhances the visibility of future revenues."
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