UK's Cohort gains after unit lands $162.4 million contract
14/08/2026 08:35
BUZZ-UK's Cohort gains after unit lands $162.4 million contract ** Shares of defence technology group Cohort CHRT.L up 5.8% at £14.30
** Co's German unit ELAC wins a €140.7 million ($162.41 million) contract to deliver integrated sonar systems for the Polish Orka Submarine Programme in collaboration with Sweden's Saab SAABb.ST
** CHRT expects the deal to enhance its adjusted EPS in the following financial year and beyond
** RBC Capital Markets analyst Ben Pfannes-Varrow called the partnership with Saab a "strong seal of approval" that would open up more opportunities
** YTD, stock is up ~59%
($1 = €0.8663)
(Reporting by Neeshita Beura in Bengaluru)