SEA AWARDED UPGRADE CONTRACT WITH MOD
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One Waterside Drive Arlington Business Park Reading Berks RG7 4SW
07 September 2022
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COHORT PLC
("Cohort" or "the Group")
SEA AWARDED UPGRADE CONTRACT WITH MOD
Cohort plc, the AIM listed technology group, is pleased to announce that its subsidiary SEA (Systems Engineering and Assessment Ltd) has been awarded a new contract worth around £34m with the UK MOD, to provide systems and equipment upgrade of the Anti-Submarine Warfare and countermeasures systems on some of the platforms crucial to the Royal Navy. Under the contract SEA will also provide in-service support for these systems across the naval fleet for a period of five years with the option to further extend for two years.
Andy Thomis, Cohort Chief Executive said, "This order is a clear demonstration of the strong relationship between SEA and the UK MOD, and further cements SEA's position as a leading supplier of maritime defence systems to navies across the globe. Together with other recent contract wins across the Group, this order further strengthens our order book and enhances the visibility of future revenues."
For further information on SEA, please visit: www.sea.co.uk
For further information on Cohort plc please visit: cohortplc.com
ENDS
For further information please contact:
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Cohort plc |
0118 909 0390 |
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Andy Thomis, Chief Executive |
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Simon Walther, Finance Director Raquel McGrath, Company Secretary |
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Investec Bank Plc (NOMAD and Broker) |
020 7597 5970 |
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Daniel Adams, Christopher Baird |
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MHP Communications |
020 3128 8276 |
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Reg Hoare, Ollie Hoare, Pete Lambie |
cohort@mhpc.com |
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. A majority stake was acquired by Cohort plc in December 2018. www.chess-dynamics.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 over 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.
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