Cohort PLC Contract Win (9919A)
30 May 2023 - 5:00PM
UK Regulatory
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 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.
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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END
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