Cohort PLC Contract Announcement (6448M)
01 August 2017 - 4:00PM
UK Regulatory
TIDMCHRT
RNS Number : 6448M
Cohort PLC
01 August 2017
1 August 2017
Cohort plc
("Cohort")
Contract Announcement
Cohort's EID and SEA awarded new contracts
Cohort, the independent technology group, is pleased to announce
that its subsidiary EID has been awarded a contract by the
Portuguese Navy for the supply of Integrated Communications systems
to the Tejo Class Coastal Patrol Vessels, worth a total of EUR4.6
million.
The contract encompasses the supply of radio equipment, ICCS,
integration engineering and logistic services. The contract also
includes additional supplies for the second batch of the Viana do
Castelo Oceanic Patrol Vessels, currently being built in
Portugal.
Further to this, SEA has been awarded a contract by Hyundai
Heavy Industries (HHI), which is in excess of GBP5m, for the supply
of Torpedo Launcher Systems for the Southeast Asian market. These
will be fitted to new ships that HHI are currently building.
The SEA system is based on the product in service with the UK
Royal Navy and is currently being supplied to the Navies of
Malaysia and Thailand. The system is unique in that it can be
configured to fire any NATO standard light weight torpedo enabling
SEA's customers to choose the best weapon independently and to
potentially switch during the life of the ship.
Andy Thomis, Chief Executive of Cohort, said:
"These are both important orders for the Group. For SEA, the
order is a demonstration of the international competitiveness of
its torpedo launch system and its growing position as a supplier of
naval systems to the important Southeast Asian region. For EID this
is an affirmation of its importance to, and close relationship
with, the Portuguese armed forces. Together they contribute to
improved visibility of revenue in the current financial year and
beyond.
"These contract awards, together with other recent wins, enhance
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 8100
Reg Hoare / Ollie Hoare
NOTES TO EDITORS
Cohort 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.
www.mass.co.uk
MCL is an expert in the sourcing, design, integration and
support of communications and surveillance technology for the
defence and security markets.
www.marlboroughcomms.com
SEA is an advanced electronic systems and software house
operating in the defence, transport and offshore energy
markets.
www.sea.co.uk
EID designs and manufactures advanced communications systems for
the defence and security markets.
www.eid.pt
This information is provided by RNS
The company news service from the London Stock Exchange
END
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