Last checked at 9 Sep 2021 07:00
9 September 2021
COHORT PLC
("Cohort" or "the Group")
Contract win
Mass awarded £11m contract extension
Cohort, the AIM listed independent technology group, announces that its wholly owned subsidiary MASS Consultants Ltd ("MASS") has been awarded a further two-year extension to the Joint Command and Staff Training (JCAST) contract for the UK armed forces' Strategic Command. The contract extension has a value of over £11m and is deliverable evenly over two years, commencing in July 2022.
Andy Thomis, Cohort Chief Executive, said:
"MASS has successfully delivered this important service for over 20 years. This further extension speaks to the continued strong performance of the team at MASS and their ability to meet the customer's demanding requirements.
"Together with other recent contract wins across the Group, this contract extension further underpins our order book and enhances the visibility of future revenues."
ENDS
For further information please contact:
Cohort plc | 0118 909 0390 |
Andy Thomis, Chief Executive |
|
Simon Walther, Finance Director |
|
|
|
Investec Bank Plc (NOMAD and Broker) | 020 7597 5970 |
Daniel Adams, Christopher Baird |
|
|
|
MHP Communications | 020 3128 8570 |
Reg Hoare, Pete Lambie, Alex Janiaud | 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 & 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.