RCS - Cohort PLC - SEA AWARDED CONTRACT TO SUPPLY TORPEDO SYSTEM

CohortAnnouncement

23/02/2022 07:00

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RNS Number : 4854C  Cohort PLC  23 February 2022

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 23 February 2022

 

COHORT PLC

("Cohort" or "the Group")

 

COHORT SUBSIDIARY AWARDED CONTRACT TO SUPPLY TORPEDO LAUNCHER SYSTEM

 

SEA, a leading UK ship and fleet protection specialist, part of Cohort plc has
been appointed to supply its Torpedo Launcher System (TLS) to Hyundai Heavy
Industries (HHI) for two new Philippine Navy corvettes. The contract follows
the successful delivery of SEA's TLS for the Philippine Navy's frigates, and
further cements the company's positive relationship with both HHI and the
Philippine Navy.

 

Part of the Revised Armed Forces of the Philippines Modernization Program
(RAFPMP), the multi-million-pound contract will see the first corvette
delivered in 2023 and the second in 2025.

 

SEA's TLS is a weapon-agnostic, close range and rapid-reaction system capable
of firing a variety of NATO-compatible standard light weight torpedoes,
including the US Mk44, Mk46 and Mk54 torpedoes, UK Sting Ray, Italian A244S,
French MU90 and the Korean Blue Shark.

 

Highly flexible due to its unique modular design, the system can also be
configured to use other weapons on an individual basis. This will enable the
Philippine Navy to retain control of its supply chain through a choice of
suppliers for ammunition, delivering greater flexibility and long-term value.

 

The state-of-the-art modular design of the TLS also enables easier and
cost-effective upgrades throughout its service life and significantly reduces
the risk of capability obsolescence based on ammunition supply.

 

Mr Kyunghyun Cho, from HHI said: "This contract is part of a significant
modernisation programme for the Philippine Navy. Following the successful
delivery of SEA's TLS for the Philippine Navy's frigates, we were impressed by
the performance and reliability of the system and are pleased to be
collaborating with SEA to deliver the same superior capability to the Navy's
corvettes."

 

David Hinds, Vice President Strategic Accounts at SEA, said: "The inherent
flexibility of our TLS will provide the Philippine Navies with a capability
that helps future-proof the corvettes against new weapon developments and
obsolescence, whilst also ensuring commonality across the fleet. We look
forward to working with our partners across Southeast Asia and further
strengthening our relationship with HHI and the Philippine Navy."

 

Andy Thomis, Cohort Chief Executive commented, "This contract is the positive
result of collaboration with in-country partners, the British Embassy, HHI,
and the Philippine Navy, and signifies the increasing global appeal of weapon
agnostic defence capabilities that deliver greater operational flexibility.
Together with other recent wins across the Group, this contract will 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

 Raquel McGrath, Company Secretary

 Investec Bank Plc (NOMAD and Broker)  020 7597 5970
 Daniel Adams, Christopher Baird

 MHP Communications                    020 3128 8570
 Reg Hoare, Pete Lambie                cohort@mhpc.com

 

 

NOTES TO EDITORS

 

Cohort plc (www.cohortplc.com (http://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 offers surveillance, tracking and fire-control systems to the defence
and security markets. A majority stake was acquired by Cohort plc in December
2018. www.chess-dynamics.com (http://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 (http://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 (http://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 (http://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
(http://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
(http://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 main operating company sites across
the UK, Germany and Portugal.

 

 

 

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