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CHRT Cohort Plc

774.00
4.00 (0.52%)
25 Apr 2024 - Closed
Delayed by 15 minutes
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 0.52% 774.00 776.00 784.00 790.00 756.00 778.00 134,936 16:27:49
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 182.71M 11.36M 0.2739 28.33 321.72M

Cohort PLC Contract Win (0496F)

25/07/2016 7:00am

UK Regulatory


Cohort (LSE:CHRT)
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TIDMCHRT

RNS Number : 0496F

Cohort PLC

22 July 2016

25 July 2016

Cohort plc

("Cohort" or "the Group")

Contract Win

MCL awarded Airborne Tactical Communications Support Contract

Cohort, the independent technology group, today announces that its subsidiary Marlborough Communications Ltd (MCL), has been awarded the UK MOD Airborne Tactical Communications Support Contract.

The contract, valued at up to GBP7.7m, is to provide support to certain specialist equipment and includes options covering additional development activities. The duration of the contract will be between two and six years, with a minimum value of around GBP0.9m, depending on the options chosen by the customer. MCL will be supported by its partner Serbus Ltd in the delivery of the contract.

Andrew Thomis, Chief Executive of Cohort plc said:

"This is another excellent win for MCL demonstrating its extremely strong capability in this specialist area. After many years successfully delivering land based tactical communications, we are pleased to have built on this experience enabling this, our first win in the tactical airborne environment.

"This adds further visibility to our order book, which underpins a significant proportion of revenues for Cohort's current financial year."

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 plc (www.cohortplc.com) is the parent company for five innovative, agile and responsive businesses working primarily for defence, wider government and industry clients.

-- EID (www.eid.pt) - a Portugal based supplier of advanced communications products and systems for the global defence market. EID has been part of the Group since June 2016.

-- MASS (www.mass.co.uk) - a specialist defence and technology business, focused mainly on electronic warfare, information systems and cyber security. Acquired by Cohort in August 2006.

-- MCL (www.marlboroughcomms.com) - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014.

-- SCS (www.scs-ltd.co.uk) - a defence consultancy, combining technical expertise with armed forces experience and domain knowledge. Owned by Cohort since flotation in March 2006.

-- SEA (www.sea.co.uk) - an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. Acquired by Cohort in October 2007.

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 800 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Devon, Lincolnshire, Somerset, Surrey, Scotland and Portugal.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 25, 2016 02:00 ET (06:00 GMT)

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