Cohort shares jump after announcing new contract win

Cohort, the AIM-listed independent technology group, has won a £17.5 million contract through its subsidiary Systems Engineering & Assessment Limited (SEA). The 32-month deal is with a UK customer to supply an External Communications System (ECS) for a major defence programme.

The ECS will enable real-time data exchange, information sharing, and coordination between systems. This will substantially improve the overall mission effectiveness, according to Cohort.

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“This contract is another significant win for SEA and will deliver essential communications capability to our customer’s programme. It builds upon SEA’s long-standing reputation and record of successful performance in this technology area,” said Andy Thomis, Cohort Chief Executive.

“Together with other recent wins across the Group, this contract further underpins our order book and enhances the visibility of future revenues.”

Cohort also released their annual report for 2022/23 on Wednesday in which revenue rose 33% to £182m.

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