COHORT PLC

Management Reports • Aug 1, 2017

National Storage Mechanism | Additional information

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RNS Number : 6448M

Cohort PLC

01 August 2017

1 August 2017

Cohort plc

("Cohort")

Contract Announcement

Cohort's EID and SEA awarded new contracts

Cohort, the independent technology group, is pleased to announce that its subsidiary EID has been awarded a contract by the Portuguese Navy for the supply of Integrated Communications systems to the Tejo Class Coastal Patrol Vessels, worth a total of €4.6 million.

The contract encompasses the supply of radio equipment, ICCS, integration engineering and logistic services. The contract also includes additional supplies for the second batch of the Viana do Castelo Oceanic Patrol Vessels, currently being built in Portugal.  

Further to this, SEA has been awarded a contract by Hyundai Heavy Industries (HHI), which is in excess of £5m, for the supply of Torpedo Launcher Systems for the Southeast Asian market. These will be fitted to new ships that HHI are currently building.

The SEA system is based on the product in service with the UK Royal Navy and is currently being supplied to the Navies of Malaysia and Thailand. The system is unique in that it can be configured to fire any NATO standard light weight torpedo enabling SEA's customers to choose the best weapon independently and to potentially switch during the life of the ship.

Andy Thomis, Chief Executive of Cohort, said:

"These are both important orders for the Group.  For SEA, the order is a demonstration of the international competitiveness of its torpedo launch system and its growing position as a supplier of naval systems to the important Southeast Asian region. For EID this is an affirmation of its importance to, and close relationship with, the Portuguese armed forces. Together they contribute to improved visibility of revenue in the current financial year and beyond.

"These contract awards, together with other recent wins, enhance 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 8100
Reg Hoare / Ollie Hoare

NOTES TO EDITORS

Cohort 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.

www.mass.co.uk

MCL is an expert in the sourcing, design, integration and support of communications and surveillance technology for the defence and security markets.

www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets.

www.eid.pt

This information is provided by RNS

The company news service from the London Stock Exchange

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