Chess awarded contract extension

RNS Number : 7832T

Cohort PLC

22 March 2023

 

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW   22 March 2023

COHORT PLC

("Cohort" or "the Group")

Chess awarded contract extension

Cohort plc, the independent technology group, is pleased to announce that its wholly owned subsidiary Chess Dynamics Ltd ("Chess") has been awarded an extension to its existing contract announced on 6th July 2020 to supply surveillance equipment to a European customer.

The contract extension has a value of approximately £11 million, with deliveries expected to commence in the second half of the Group's 2023/24 financial year. 

Andrew Thomis, Chief Executive of Cohort said:

"This is good news for Chess and the Group as a whole, and is a clear demonstration of the benefits of Chess' well-proven defence technologies.  This contract extension further strengthens our order book and enhances the visibility of the Group's revenues in the coming financial year and beyond."

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
Carlton Nelson, Christopher Baird
MHP Communications	020 3128 8276
Reg Hoare, Ollie Hoare	[e-mail]

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 Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. It has been part of the Cohort Group since 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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