Cohort PLC Contract Announcement (8115X)

TIDMCHRT

RNS Number : 8115X

Cohort PLC

02 May 2019

2 May 2019

Cohort plc

("Cohort" or "the Group")

Contract Announcement

SEA awarded GBP3m contract extension to support maritime equipment

Cohort plc, the independent technology group, is pleased to announce that its wholly-owned subsidiary SEA has been awarded a two year extension to the Miscellaneous Sonar Equipment availability-based contract for the UK Royal Navy from 1 April 2019 to 31 March 2021, worth in excess of GBP3m.

Andy Thomis, Chief Executive of Cohort, said:

"This latest contract award further demonstrates our expertise in supporting maritime equipment and builds on our relationship with an important existing client. Alongside other recent wins, this contract 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 
 Chris Baird / Daniel Adams 
 
 MHP Communications                 020 3128 8771 
 Reg Hoare / Ollie Hoare / Luke 
  Briggs 
 

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) is the parent company of five 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.

Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers systems and technologies for detecting, tracking, classifying and disrupting naval, land and air threats. It was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.com

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

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

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Reading, Berkshire and employs in total around 950 core staff there and at its other operating company sites across the UK and in Portugal.

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May 02, 2019 02:00 ET (06:00 GMT)