REG - Cohort PLC - Contract Win

CohortAnnouncement

29/01/2024 07:00

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RNS Number : 1305B  Cohort PLC  29 January 2024

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 29 January 2024

 

 

COHORT PLC

("Cohort", "the Company" or "the Group")

 

CONTRACT WIN

 

SEA awarded £15.1 Million contract to supply Torpedo Launch System to Canada

 

 

Cohort, the Independent Technology Group, is pleased to announce that its
subsidiary SEA has been awarded a £15.1 million contract. The contract covers
the production of SEA's lightweight Torpedo Launch Systems (TLS) for a major
naval vessel programme. Work will commence immediately and is expected to
complete in 2030.

 

SEA's TLS is a rapid-reaction system capable of firing a variety of NATO
standard lightweight torpedoes. This contract will be delivered by SEA's
wholly owned Canadian subsidiary, SEA Canada, supported by a team at SEA in
the UK.

 

Andy Thomis, Cohort Chief Executive, said:

 

"This contract is another significant win for SEA and will deliver an
essential capability for the Royal Canadian Navy. It builds on SEA's
long-standing reputation and successful delivery of the TLS system to
customers around the world. Together with other recent contract wins across
the Group, this 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
 Emily McBride, Group Head of Marketing and Corporate Communications
 Raquel McGrath, Company Secretary

 Investec Bank Plc (NOMAD and Broker)                                 020 7597 5970
 Carlton Nelson, Christopher Baird

 MHP (PR)                                                             020 3128 8100
 Reg Hoare, Ollie Hoare, Hugo Harris                                  cohort@mhpgroup.com (mailto: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.

 

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 1,250 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 (http://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
(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/)

 

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 (http://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 (http://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
(http://www.sea.co.uk/)

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