Contract Win
ELAC awarded €16.4 million contract amendment for additional submarine sonar system for Italian Navy.
- Contract amendment value €16.4 million
- Total contract value over €100 million
- Total submarines covered 4
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Cohort, the independent technology group, is pleased to announce that its German subsidiary ELAC has been awarded a contract amendment with a value of €16.4 million following the activation of a contractual option. Under the amended contract, ELAC will deliver the sonar system for an additional unit of a new build submarine program for the Italian Navy. The amendment brings the total value of the contract, which was awarded in 2021, to over €100 million and covers the supply of sonar systems for a total of four submarines.
Andy Thomis, Cohort Chief Executive, said:
"This important order is another significant win for ELAC and demonstrates its ability to meet the demanding specifications of the Italian Navy. We believe that ELAC's Sphere™ digital hydroacoustic technology provides the most advanced and effective sonars available worldwide, enabling a generational leap in underwater battlespace performance.
"Together with other recent contract wins at ELAC and across the Group, this announcement further demonstrates the visibility of our future revenues."
| Investec Bank Plc (NOMAD and Broker) | 020 7597 5970 |
| Carlton Nelson, Christopher Baird | |
| MHP | 07817 458804 |
| Reg Hoare, Ollie Hoare, Hugo Harris | cohort@mhpgroup.com |
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