REG - Cohort PLC - Contract Announcement

CohortAnnouncement

25/10/2018 07:05

RNS Number : 1081F
Cohort PLC
25 October 2018
 


25 October 2018
 
Cohort plc
("Cohort" or "the Group")
 
Contract Announcement
 
MASS preferred bidder for £50m MOD contract
 
Cohort, the independent technology group, is pleased to announce that its wholly-owned subsidiary, MASS Consultants Ltd ("MASS"), has been selected as preferred bidder for an eight-year contract valued at over £50m, following a highly competitive tender process. The contract award remains subject to final negotiation and MOD approval.
 
Under the proposed contract, MASS will provide in-service support for the UK Ministry of Defence ("MOD"), including operational analysis studies, IT infrastructure management, modelling and simulation and software engineering. This is a continuation of work undertaken by MASS since 2000.
 
The contract is expected to run from April 2019 until March 2027 with a break point in March 2023. It also includes four optional one-year extension periods that, if exercised, could extend the contract until 2031.
 
Andy Thomis, Chief Executive of Cohort, said:
 
"I am delighted to announce this important result, achieved against stiff competition, which is a testament to both the quality of our bid and the excellence of our performance over the last eighteen years. To be selected as the preferred provider of this important national capability is a great vote of confidence in MASS and in the Cohort Group. Together with other recent wins, this contract, when confirmed, 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


















Investec Bank Plc


020 7597 5970




Keith Anderson / Daniel Adams


















MHP Communications


020 3128 8778




Reg Hoare / Ollie Hoare / Luke Briggs







 
 
NOTES TO EDITORS
Cohort plc (www.cohortplc.com) 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.  Acquired by Cohort in August 2006. www.mass.co.uk
 
MCL - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training 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 is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. Acquired by Cohort in October 2007.
www.sea.co.uk
 
EID designs and manufactures advanced communications systems for the defence and security markets. Cohort acquired a majority stake in June 2016.  www.eid.pt
 
Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 800 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Devon, Lincolnshire, Somerset, Surrey, Scotland and Portugal.




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