REG - Cohort PLC - Contract win

CohortAnnouncement

19/03/2024 09:45

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RNS Number : 4194H  Cohort PLC  19 March 2024

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 19/03/2024

COHORT PLC

("Cohort"  or "the Group")

 

CONTRACT WIN

 

Chess Dynamics secures £15.7m contract to provide surveillance systems for
Australia's Hunter class frigates

 

Cohort plc, the Independent Technology Group, is pleased to announce that its
subsidiary Chess Dynamics Ltd ("Chess") has been awarded a contract valued at
£15.7m by BAE Systems Maritime Australia to supply its Sea Eagle surveillance
systems for the Royal Australian Navy's Hunter class frigates. Work will begin
immediately and will continue until 2031.

 

Sea Eagle is a highly capable naval surface ship surveillance system for the
detection, tracking, and identification of surface and air targets. It has
been selected by several leading maritime forces, including for the Royal
Navy's new Type 26 frigates.

 

Andy Thomis, Cohort Chief Executive, said:

 

"This order provides further confirmation of the capability and
competitiveness of Chess's Sea Eagle system, and we are delighted to add the
Royal Australian Navy to the user base. This, combined with the recent
contract with the Royal Canadian Navy, demonstrates the continuing expansion
of Cohort's international customer base.

 

"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
 Andrew 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 Adviser)                                                     07817 458804
 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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