Edition:
India

ECA Awarded Belgian-Dutch Naval Contract


Wednesday, 22 May 2019 

May 22 (Reuters) - Eca Sa ::ECA GROUP AWARDED BELGIAN-DUTCH NAVAL CONTRACT.ECA GROUP'S SHARE OF THIS PROGRAM REPRESENTS APPROXIMATELY 450 MILLION EUROS.CONTRACT TO SUPPLY TWELVE MINE-HUNTING VESSELS TO THE BELGIAN AND DUTCH NAVIES.10-YEAR PROGRAM WILL START WITH A DESIGN PHASE THAT WILL LAST APPROXIMATELY 3 YEARS.TURNOVER RECORDED BY ECA GROUP SHOULD BE ABOVE 5 MILLION EUROS BY 2019, REACH BETWEEN 15 AND 20 MILLION EUROS IN 2020, BE AROUND 40 MILLION EUROS IN 2021.TURNOVER RECORDED BY ECA GROUP BE AROUND 40 MILLION EUROS IN 2021 AND EVENTUALLY REACH BETWEEN 50 AND 100 MILLION EUROS PER YEAR OVER FOLLOWING 5 YEARS.CONTRACT IS LARGEST EVER WON BY ECA GROUP.OBJECTIVE OF A TURNOVER GROWTH OF 5% IN 2019 SHOULD THUS BE SIGNIFICANTLY EXCEEDED. 

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