Cohort PLC - Reading, England-based technology firm - Says its German subsidiary, ELAC Sonar GmbH, has received a contract amendment to the value of €16.4 million, for the delivery of a sonar system to an additional unit of the Italian Navy’s new build submarine programme. The amendment brings the 2021 contract’s total value up to €100 million, and covers the supply of sonar systems to four submarines.
Cohort Chief Executive Officer Andy Thomis says: ‘We believe that ELAC’s Sphere digital hydro acoustic technology provides the most advanced and effective sonars available worldwide, enabling a generational leap in underwater battlespace performance. Together with our other recent contract wins at ELAC and across the group, this announcement further demonstrates the visibility of our future revenues.’
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