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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cohort Plc | LSE:CHRT | London | Ordinary Share | GB00B0YD2B94 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-4.00 | -0.49% | 810.00 | 810.00 | 820.00 | 840.00 | 810.00 | 828.00 | 57,507 | 15:00:46 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Consulting Svcs,nec | 182.71M | 11.36M | 0.2739 | 29.57 | 335.81M |
TIDMCHRT
RNS Number : 9286G
Cohort PLC
02 June 2017
02 June 2017
Cohort plc
("Cohort")
Contract Announcement
MCL contracted to supply further Hearing Protection and Communication Ancillaries
to the UK Ministry of Defence (MOD)
Cohort, the independent technology group, is pleased to announce that its subsidiary MCL (Marlborough Communications Ltd) has been awarded two contracts by the MOD to supply and support hearing protection systems and communication ancillaries for land, maritime and air applications, worth a combined GBP5.5 million. The two orders comprise:
-- a follow-on order worth GBP3.2 million for Tactical Hearing Protection Systems for Dismounted Close Combat Users (THPS DCCU) that provide hearing protection for RAF, Royal Navy and Reservist personnel;
-- a new contract to provide In Ear Communication Devices (IECD) for RAF pilots and air crew, with an initial value of GBP2.3 million over five years with options for a further two years.
The contracts follow previous MOD contract awards for hearing protection announced in 2015 and more recently in March 2017. The THPS DCCU solution being supplied by MCL has been developed in partnership with INVISIO Communications, a leading Danish audio technology company, whilst the IECD for RAF and air crews is being developed in conjunction with Banbury-based Advanced Communication Solutions (ACS).
Andy Thomis, Chief Executive of Cohort, said:
"This is another great success for MCL, and its partners, in hearing protection. These two further contracts bring the total number of recent awards to four with a combined value to the Group of around GBP30 million, further cementing MCL's position as the MOD's leading supplier of hearing protection systems for the military.
"This and other recent contract awards enhance the visibility of future Group revenue".
Ends
For further information, please contact:
Cohort plc 0118 909 0390 Andy Thomis, Chief Executive Simon Walther, Finance Director Investec Bank Plc 020 7597 5970 Keith Anderson / Daniel Adams MHP Communications Limited 020 3128 8100 Reg Hoare / Jamie Ricketts / Ollie Hoare
NOTES TO EDITORS
Cohort is the parent company of four innovative, agile and responsive businesses based in the UK and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.
MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security.
www.mass.co.uk
MCL is an expert in the sourcing, design, integration and support of communications and surveillance technology for the defence and security markets.
www.marlboroughcomms.com
SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.
www.sea.co.uk
EID designs and manufactures advanced communications systems for the defence and security markets.
www.eid.pt
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
June 02, 2017 02:00 ET (06:00 GMT)
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