Cohort PLC Contract Wins (8573R)

TIDMCHRT

RNS Number : 8573R

Cohort PLC

11 March 2021

 
 One Waterside Drive 
  Arlington Business Park 
  Reading 
  Berks 
  RG7 4SW 
 
 
 
  11 March 2021 
 

COHORT PLC

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

Contract Wins

MARLBOROUGH COMMUNICATIONS WINS THREE NEW CONTRACTS

Cohort plc, the independent technology group, is pleased to announce that its subsidiary Marlborough Communications Limited ("MCL") has been awarded three new contracts with the UK MOD with a combined value of approximately GBP9.2 million.

The contracts involve new partnerships with IAI ELTA Systems Ltd in unmanned ground vehicles and Rohde and Schwarz in the area of electronic intelligence. Deliveries will commence in the Group's current financial year and continue through into 2022, with the majority of revenue falling in financial year 2021/22.

Andy Thomis, Cohort Chief Executive, said:

"These contract wins clearly demonstrate the important role MCL plays in partnering with key technology providers to supply unique products and services for UK defence. Together with other recent contract wins across the Group, these contracts further strengthen our order book and enhance the visibility of our revenues in this financial year and beyond."

ENDS

For further information, please contact:

 
Cohort plc                            0118 909 0390 
Andrew Thomis, Chief Executive 
 Simon Walther, Finance Director 
 Raquel McGrath, Company Secretary 
 
Investec Bank plc                     020 7597 5970 
Daniel Adams / Christopher 
 Baird 
 
MHP Communications                    020 3128 8100 
Reg Hoare / Pete Lambie / 
 Isabella Grace 
 

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 Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers surveillance, tracking and fire-control systems to the defence and security markets. It was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.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 around 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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March 11, 2021 02:00 ET (07:00 GMT)