Cohort PLC Contract Announcement (2551D)

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RNS Number : 2551D

Cohort PLC

30 January 2018

30 January 2018

Cohort plc

("Cohort" or "the Group")

Contract Announcement

SEA awarded Soldier System Research and Development contract

Cohort, the independent technology group, is pleased to announce that its SEA subsidiary has been contracted by a UK government agency to lead a team in the area of Soldier System Research and Development. The contract has an initial value of GBP700,000 for 2018 but is likely to continue until 2021, with a potential total value in excess of GBP3m.

Under the contract, SEA will lead a team of specialist companies to develop a weapon system that combines novel and emerging small arms technologies to produce an integrated system that will deliver greater efficacy for the individual soldier on the battlefield.

Andy Thomis, Chief Executive of Cohort, said:

"This contract recognises our position at the forefront of Soldier System Research and Development and our capability as a prime contractor. This contract award, together with other recent wins, enhances 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              020 3128 8771 
 Reg Hoare / Ollie Hoare 
 

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) 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. Acquired by Cohort in August 2006. www.mass.co.uk

MCL - 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. www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. Acquired by Cohort in October 2007.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets. Cohort acquired a majority stake in June 2016. www.eid.pt

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

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January 30, 2018 02:00 ET (07:00 GMT)