Contract Announcement

RNS Number : 1081F

Cohort PLC

25 October 2018

 

25 October 2018

Cohort plc

("Cohort" or "the Group")

Contract Announcement

MASS preferred bidder for £50m MOD contract

Cohort, the independent technology group, is pleased to announce that its wholly-owned subsidiary, MASS Consultants Ltd ("MASS"), has been selected as preferred bidder for an eight-year contract valued at over £50m, following a highly competitive tender process. The contract award remains subject to final negotiation and MOD approval.

Under the proposed contract, MASS will provide in-service support for the UK Ministry of Defence ("MOD"), including operational analysis studies, IT infrastructure management, modelling and simulation and software engineering. This is a continuation of work undertaken by MASS since 2000.

The contract is expected to run from April 2019 until March 2027 with a break point in March 2023. It also includes four optional one-year extension periods that, if exercised, could extend the contract until 2031.

Andy Thomis, Chief Executive of Cohort, said:

"I am delighted to announce this important result, achieved against stiff competition, which is a testament to both the quality of our bid and the excellence of our performance over the last eighteen years. To be selected as the preferred provider of this important national capability is a great vote of confidence in MASS and in the Cohort Group. Together with other recent wins, this contract, when confirmed, will 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 8778
Reg Hoare / Ollie Hoare / Luke Briggs

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) 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.  Acquired by Cohort in August 2006. www.mass.co.uk

MCL - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training 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 is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. Acquired by Cohort in October 2007.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets. Cohort acquired a majority stake in June 2016.  www.eid.pt

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 800 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Devon, Lincolnshire, Somerset, Surrey, Scotland and Portugal.

 

END

 

 

CNTUSRKRWNARUAA