REG - Cohort PLC - Contract Win

CohortAnnouncement

09/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250109:nRSI6584Sa&default-theme=true

RNS Number : 6584S  Cohort PLC  09 January 2025

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 9 January 2025

 

COHORT PLC

("Cohort" or "the Group")

 

 

CONTRACT WIN

 

 

Cohort subsidiary ELAC Sonar GmbH ("ELAC")

awarded €16.4 million contract amendment

 

 

Cohort, the independent technology group, is pleased to announce that its
German subsidiary ELAC has been awarded a contract amendment with a value
of €16.4 million following the activation of a contractual option. Under
the amended contract, ELAC will deliver the sonar system for an additional
unit of a new build submarine program for the Italian Navy. The amendment
brings the total value of the contract, which was awarded in 2021, to over
€100 million and covers the supply of sonar systems for a total of four
submarines.

 

Andy Thomis, Cohort Chief Executive, said:

 

"This important order is another significant win for ELAC and demonstrates its
ability to meet the demanding specifications of the Italian Navy. We believe
that ELAC's Sphere™ digital hydroacoustic technology provides the most
advanced and effective sonars available worldwide, enabling a generational
leap in underwater battlespace performance.

 

"Together with other recent contract wins at ELAC and across the Group, this
announcement further demonstrates the visibility of our future revenues."

 

 

ENDS

 

 

For further information please contact:

 

 Cohort plc                            0118 909 0390
 Andrew Thomis, Chief Executive
 Simon Walther, Finance Director

 Kellie Young, Marketing and Corporate Communications

 Raquel McGrath, Company Secretary

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

 MHP                                   07817 458804
 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.

 

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 1,400 core staff there and at its other operating company sites across
the UK, Germany, and Portugal.

 

The group is split into two divisions - Communications and Intelligence, and
Sensors and Effectors:

 

Communications and Intelligence ("C&I")

 

·      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 ("S&E")

 

·      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/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTPKFBQFBKDQDK