Contract Win

Cohort PLC

30 July 2024

 

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 30 July 2024

COHORT PLC

("Cohort", "the Company" or "the Group")

CONTRACT WIN

Chess Dynamics awarded three contracts from Rheinmetall Air Defence, totalling more than £25 million

Cohort, the AIM-listed independent technology group, is pleased to announce that its wholly owned subsidiary Chess Dynamics (Chess) has been awarded three contracts for Air Defence systems produced by Rheinmetall Air Defence AG, totalling more than £25 million. Under the contracts, Chess will provide electro-optical tracking surveillance systems and multi-sensor units. Work will commence immediately, and deliveries will continue out to 2028. 

Cohort is targeting further opportunities in this area.

Andy Thomis, Cohort Chief Executive, said:

"This order once again demonstrates Chess' position as a trusted supplier of robust surveillance and tracking systems.  We are pleased to have established this important partnership with Rheinmetall Air Defence, one of the world's leading suppliers of Ground Based Air Defence systems, and we look forward to a long and successful relationship."

"This order further underpins our order book and enhances the visibility of future revenues."

ENDS

For further information please contact:

Cohort plc	0118 909 0390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
Emily McBride, Group Head of Marketing and Corporate Communications
Raquel McGrath, Company Secretary
Investec Bank Plc (NOMAD and Broker)	020 7597 5970
Carlton Nelson, Christopher Baird
MHP	07817 458804
Reg Hoare, Ollie Hoare, Hugo Harris	[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.

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 1,300 core staff there and at its other operating company sites across the UK, Germany, and Portugal.

The group is split into two segments - Communications and Intelligence, and Sensors and Effectors:

Communications and Intelligence

·      EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016.  www.eid.pt

·      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

Sensors and Effectors

·      Chess Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018. www.chess-dynamics.com

·      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 

·      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

 

END