REG - Cohort PLC - Contract Win

CohortAnnouncement

09/05/2023 09:30

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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 £26.2m 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 £26.2 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 (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 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 (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
over 1,000 core staff there and at its other operating company sites across
the UK, Germany and Portugal.

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