Business
SEA AWARDED UPGRADE CONTRACT WITH MOD
SEA AWARDED UPGRADE CONTRACT WITH MOD.
About this update from Cohort Plc
[{"type":"text","content":"\n \n \n \n \n \n \n One Waterside Drive\n \n \n Arlington Business Park\n \n \n Reading\n \n \n Berks\n \n \n RG7 4SW\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 07 September 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n COHORT PLC\n \n \n \n \n (\"Cohort\" or \"the Group\")\n \n \n \n \n \n \n \n \n \n SEA AWARDED UPGRADE CONTRACT WITH MOD\n \n \n \n \n \n \n \n \n \n \n \n \n \n Cohort plc, the AIM listed technology group, is pleased to announce that its subsidiary SEA (Systems Engineering and Assessment Ltd) has been awarded a new contract worth around £34m with the UK MOD, to provide systems and equipment upgrade of the Anti-Submarine Warfare and countermeasures systems on some of the platforms crucial to the Royal Navy. Under the contract SEA will also provide in-service support for these systems across the naval fleet for a period of five years with the option to further extend for two years.\n \n \n \n \n \n Andy Thomis, Cohort Chief Executive said, \"This order is a clear demonstration of the strong relationship between SEA and the UK MOD, and further cements SEA's position as a leading supplier of maritime defence systems to navies across the globe. Together with other recent contract wins across the Group, this order further strengthens our order book and enhances the visibility of future revenues.\"\n \n \n \n \n \n For further information on SEA, please visit: \n \n \n www.sea.co.uk\n \n \n \n \n \n \n \n For further information on Cohort plc please visit: \n \n \n cohortplc.com\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ENDS\n \n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n Cohort plc\n \n \n \n \n 0118 909 0390\n \n \n \n \n \n \n Andy Thomis, Chief Executive\n \n \n \n \n \n \n \n \n \n \n \n \n \n Simon Walther, Finance Director\n \n \n Raquel McGrath, Company Secretary\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Investec Bank Plc (NOMAD and Broker)\n \n \n \n \n 020 7597 5970\n \n \n \n \n \n \n Daniel Adams, Christopher Baird\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n...