Cohort PLC Contract Announcement (2551D)
January 30 2018 - 1:00AM
UK Regulatory
TIDMCHRT
RNS Number : 2551D
Cohort PLC
30 January 2018
30 January 2018
Cohort plc
("Cohort" or "the Group")
Contract Announcement
SEA awarded Soldier System Research and Development contract
Cohort, the independent technology group, is pleased to announce
that its SEA subsidiary has been contracted by a UK government
agency to lead a team in the area of Soldier System Research and
Development. The contract has an initial value of GBP700,000 for
2018 but is likely to continue until 2021, with a potential total
value in excess of GBP3m.
Under the contract, SEA will lead a team of specialist companies
to develop a weapon system that combines novel and emerging small
arms technologies to produce an integrated system that will deliver
greater efficacy for the individual soldier on the battlefield.
Andy Thomis, Chief Executive of Cohort, said:
"This contract recognises our position at the forefront of
Soldier System Research and Development and our capability as a
prime contractor. This contract award, together with other recent
wins, enhances the visibility of future Group revenue."
Ends
For further information, please contact:
Cohort plc 0118 909 0390
Andy Thomis, Chief Executive
Simon Walther, Finance
Director
Investec Bank Plc 020 7597 5970
Keith Anderson / Daniel
Adams
MHP Communications 020 3128 8771
Reg Hoare / Ollie Hoare
NOTES TO EDITORS
Cohort plc (www.cohortplc.com) is the parent company of four
innovative, agile and responsive businesses based in the UK and
Portugal, providing a wide range of services and products for
domestic and export customers in defence and related markets.
MASS is a specialist defence and technology business, focused on
electronic warfare, information systems and cyber security.
Acquired by Cohort in August 2006. www.mass.co.uk
MCL - an expert in sourcing, design and integration of
communications and surveillance technology, as well as support and
training for UK end users including the MOD and other government
agencies. MCL has been part of the Group since July 2014.
www.marlboroughcomms.com
SEA is an advanced electronic systems and software house
operating in the defence, transport and offshore energy markets.
Acquired by Cohort in October 2007.
www.sea.co.uk
EID designs and manufactures advanced communications systems for
the defence and security markets. Cohort acquired a majority stake
in June 2016. www.eid.pt
Cohort (AIM: CHRT) was admitted to London's Alternative
Investment Market in March 2006. It has its headquarters in
Berkshire and employs in total around 800 core staff there and at
its other operating company sites in Bristol, Cambridgeshire,
Devon, Lincolnshire, Somerset, Surrey, Scotland and Portugal.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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