Cohort PLC Contract Win (7921Y)

TIDMCHRT

RNS Number : 7921Y

Cohort PLC

09 May 2023

 
 One Waterside Drive 
  Arlington Business Park 
  Reading 
  Berks 
  RG7 4SW 
 
 
 
  9 May 2023 
 

COHORT PLC

("Cohort", "the Company" or "the Group")

Contract Win

SEA wins GBP26.2m upgrade contract for export customer

Cohort, the AIM-listed independent technology group, announces that its subsidiary Systems Engineering & Assessment Limited ("SEA") has been awarded a contract to the value of GBP26.2 million, by an overseas Ministry of Defence for phase two of a communications systems upgrade on two naval surface vessels. The work will commence in May 2023, and be completed by the end of 2026. This contract is for the second of four planned project phases.

SEA will continue to work in partnership with local subcontractors to install the new system, conduct training and ensure knowledge transfer to local partners and the end user.

Andy Thomis, Cohort Chief Executive, said:

"This contract is another significant win for SEA, and will deliver improved communications systems and lower through-life costs for our customer. Together with other recent contract wins across the Group, this contract further underpins our order book and enhances the visibility of future revenues."

ENDS

For further information please contact:

 
 Cohort plc                                    0118 909 0390 
 Andy Thomis, Chief Executive 
 Simon Walther, Finance Director 
 Raquel McGrath, Company Secretary 
 
 Investec Bank Plc (NOMAD and Broker)          020 7597 5970 
 Carlton Nelson, Christopher Baird 
 
 MHP                                           020 3128 8276 
 Reg Hoare, Ollie Hoare, Hugo Harris     [e-mail] 
 

NOTES TO EDITORS

Cohort plc ( www.cohortplc.com ) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

Chess Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018. www.chess-dynamics.com

EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a

majority stake in June 2016.   www.eid.pt 

ELAC SONAR supplies advanced sonar systems and underwater communications to global customers in the naval

marketplace.  Acquired by Cohort in December 2020.   www.elac-sonar.de 

MASS is a specialist data technology company serving the defence and security markets, focused on electronic warfare, digital services and training support. Acquired by Cohort in August 2006. www.mass.co.uk

MCL designs, sources and supports advanced electronic and surveillance technology for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014. www.marlboroughcomms.com

SEA delivers and supports technology-based products for the defence and transport markets alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total over 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.

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END

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May 09, 2023 04:16 ET (08:16 GMT)