Replies to post #89 on Groupe Gorge SA (EU:GOE) (GGRGF)

[beach_trades]

GGRGF-Groupe Gorge and BAE Agreement. Huge News for Groupe Gorge

http://www.4-traders.com/GROUPE-GORGE-5158/news/Groupe-Gorge---ECA-subsidiary-of-GROUPE-GORGE-signs-a-settlement-agreement-with-BAE-Systems-a-17605399/

Groupe Gorge : ECA, subsidiary of GROUPE GORGÉ, signs a settlement agreement with BAE Systems and re-starts the KSTER-C commercialization:

The conclusion of this case will thus have a significant positive impact on the 2013 financial statements of the Group

It also makes possible the re-opening of trade negotiations regarding the K-STER C, particularly with BAE Systems and several other customers which were waiting for the end of the dispute. ECA, which is a world leader in underwater drones, including mine clearance, hopes to book several orders of K-STER C in 2014.

In addition, ECA finished the year with several positive announcements. A deal for additional control simulators has been concluded with the company NITA (Russia). This sale doubles the amount of orders already announced by ECA

ECA also announced, on December 5, an order of several million euros with ATR for the provision of production means to double their assembly line. This order follows the one obtained in late 2012 to provide a ground test system for onboard equipment. These means will be delivered mid-2014. These new orders illustrate the ECA's strategy in aeronautics offering solutions combining systems assembly and testing to ensure support for aircraft manufacturers in the new programs as for the growth of the production rate.