TIDMCHRT

RNS Number : 8472T

Cohort PLC

29 March 2021

 
  One Waterside Drive 
   Arlington Business Park 
   Reading 
   Berks 
   RG7 4SW 
 
 
 
   29 March 2021

COHORT PLC

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

Contract Wins

SEA WINS GBP25M CONTRACT WITH UK MOD

Cohort plc, the independent technology group, is pleased to announce that its subsidiary Systems Engineering & Assessment Limited ("SEA") has been awarded a new 10-year contract, with a value of approximately GBP25 million, for the management and upgrade of in-service sonar equipment for the UK Ministry of Defence ("the MOD"). The contract will be revenue generating from April 2021, with revenues spread evenly across the first seven years, tailing off in years seven to ten.

Under the contract, won after a competitive tender, SEA will maintain the Royal Navy's in-service sonar equipment, a service that they have successfully provided for the past ten years. In addition, the new contract provides for certain upgrades to the equipment, ensuring the sonar systems remain operationally available and ready for service at all times.

Andy Thomis, Cohort Chief Executive, said:

"This contract win clearly demonstrates SEA's strong capability in sonar systems and our enduring relationship with the MOD and the Royal Navy. Together with other recent contract wins across the Group, this contract 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 
 Raquel McGrath, Company Secretary 
 
Investec Bank plc                     020 7597 5970 
Daniel Adams / Christopher 
 Baird 
 
MHP Communications                    020 3128 8100 
Reg Hoare / Pete Lambie / 
 Isabella Grace

NOTES TO EDITORS

Cohort plc (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.

Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers surveillance, tracking and fire-control systems to the defence and security markets. It was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.com

EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.pt

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

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

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

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

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total around 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.

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END

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