IN BRIEF: Cohort's subsidiary wins 10-year contract with UK MoD

Mon, 29th Mar 2021 17:58

Cohort PLC - defence and security markets-focussed technology company - Says subsidiary Systems Engineering & Assessment Ltd has been awarded a new 10-year contract, with a value of GBP25 million, for the management and upgrade of in-service sonar equipment for the UK Ministry of Defence. The contract will be revenue generating from April, with revenue spread evenly across the first seven years, tailing off in years seven to ten, it adds.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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