Cohort PLC Contract Win (7921Y)
09 May 2023 - 6:16PM
UK Regulatory
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 cohort@mhpgroup.com
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)
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