Cohort PLC Contract Win (9919A)

TIDMCHRT

RNS Number : 9919A

Cohort PLC

30 May 2023

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

COHORT PLC

("Cohort" or "the Group")

Contract Win

SEA wins GBP7m Anti-Submarine Warfare contract for South-East Asian Navy

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 GBP7 million by a South-East Asian Navy to provide Anti-Submarine Warfare capability on two vessels. The contract will commence in May 2023, and be completed by the end of 2026.

SEA will 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 a significant win for SEA and will deliver a modern Anti-Submarine Warfare capability with lower size, weight, and power requirements than traditional systems, and with lower through-life costs. It also expands the Group's presence in the strategically important Asia Pacific region. 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 
 
 Investec Bank Plc (NOMAD and Broker)          020 7597 5970 
 Carlton Nelson, Christopher Baird 
 
 MHP Group                                     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.

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.

The group is split into two segments - Communications and Intelligence, and Sensors and Effectors:

Communications and Intelligence

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

acquired a majority stake in June 2016.   www.eid.pt 

-- 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

Sensors and Effectors

-- 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

-- 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 

-- 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

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May 30, 2023 03:00 ET (07:00 GMT)