SEA AWARDED CONTRACT TO SUPPLY TORPEDO SYSTEM

RNS Number : 4854C

Cohort PLC

23 February 2022

 

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 23 February 2022

COHORT PLC

("Cohort" or "the Group")

COHORT SUBSIDIARY AWARDED CONTRACT TO SUPPLY TORPEDO LAUNCHER SYSTEM

SEA, a leading UK ship and fleet protection specialist, part of Cohort plc has been appointed to supply its Torpedo Launcher System (TLS) to Hyundai Heavy Industries (HHI) for two new Philippine Navy corvettes. The contract follows the successful delivery of SEA's TLS for the Philippine Navy's frigates, and further cements the company's positive relationship with both HHI and the Philippine Navy.

Part of the Revised Armed Forces of the Philippines Modernization Program (RAFPMP), the multi-million-pound contract will see the first corvette delivered in 2023 and the second in 2025.

SEA's TLS is a weapon-agnostic, close range and rapid-reaction system capable of firing a variety of NATO-compatible standard light weight torpedoes, including the US Mk44, Mk46 and Mk54 torpedoes, UK Sting Ray, Italian A244S, French MU90 and the Korean Blue Shark.

Highly flexible due to its unique modular design, the system can also be configured to use other weapons on an individual basis. This will enable the Philippine Navy to retain control of its supply chain through a choice of suppliers for ammunition, delivering greater flexibility and long-term value.

The state-of-the-art modular design of the TLS also enables easier and cost-effective upgrades throughout its service life and significantly reduces the risk of capability obsolescence based on ammunition supply.

Mr Kyunghyun Cho, from HHI said: "This contract is part of a significant modernisation programme for the Philippine Navy. Following the successful delivery of SEA's TLS for the Philippine Navy's frigates, we were impressed by the performance and reliability of the system and are pleased to be collaborating with SEA to deliver the same superior capability to the Navy's corvettes."

David Hinds, Vice President Strategic Accounts at SEA, said: "The inherent flexibility of our TLS will provide the Philippine Navies with a capability that helps future-proof the corvettes against new weapon developments and obsolescence, whilst also ensuring commonality across the fleet. We look forward to working with our partners across Southeast Asia and further strengthening our relationship with HHI and the Philippine Navy."

Andy Thomis, Cohort Chief Executive commented, "This contract is the positive result of collaboration with in-country partners, the British Embassy, HHI, and the Philippine Navy, and signifies the increasing global appeal of weapon agnostic defence capabilities that deliver greater operational flexibility.  Together with other recent wins across the Group, this contract 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 Raquel McGrath, Company Secretary
Investec Bank Plc (NOMAD and Broker)	020 7597 5970
Daniel Adams, Christopher Baird
MHP Communications	020 3128 8570
Reg Hoare, Pete Lambie	[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 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

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 main operating company sites across the UK, Germany and Portugal.

.

 

END

 

 

NRAVLLFLLLLFBBK