Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCohort Regulatory News (CHRT)

Share Price Information for Cohort (CHRT)

Share Price is delayed by 15 minutes
Get Live Data
1,232.00    -24.00 (-1.91%)
Bid:
1,232.00
Ask:
1,242.00
Spread: 10.00 (0.812%)
Market Cap: £564.58m
CHRT Live PriceLast checked at - London Stock Exchange

Intraday Cohort Share Chart

Over ?60m new contract wins

13 Apr 2010 07:00

RNS Number : 0501K
Cohort PLC
13 April 2010
 



Northfield House

Northfield End

Henley-on-Thames

Oxfordshire

RG9 2JG

 

Cohort plc

 

13th April 2010 AIM: CHRT

PRESS RELEASE

COHORT PLC

 

Over £60m new contract wins across all three subsidiaries

Cohort plc, the independent technology group, today announces over £60m of new contract wins across its three subsidiary businesses:

 

·; MASS Consultants Ltd ("MASS") - a nine year in-service support contract valued in excess of £50m from the UK Ministry of Defence ("MoD");

 

·; Systems Consultants Services Ltd ("SCS") - a one year, £2.2million contract to provide training support to the UK armed forces' Permanent Joint Headquarters ("PJHQ");

 

·; SEA - a contract valued in excess of £10m to supply the External Communication System ("ECS") for Boat 4 of the Astute Class of nuclear submarines.

 

MASS - over £50m MoD contract

The contract, for the continuation of the work undertaken for the MoD by MASS since 2000, involves a wide range of specialist technical tasks including operational analysis, studies, IT infrastructure management, software engineering, and management of a secure MoD facility. MASS will be leading a team that includes MBDA, Hewlett Packard and Carillion Planned Maintenance.

 

The contract runs until 2019, with an optional five year extension period. It is based on an innovative Target Cost Incentive Fee arrangement in which MASS and the MoD share the benefits of efficiency savings achieved during the course of the contract.

 

SCS - £2.2m PJHQ contract

The contract is a continuation of a specialist support that SCS has provided to PJHQ since 1998 and in which SCS leads a team that includes Hewlett Packard and L3 Titan. The scope of work involves the provision of a training environment, including computer simulation, as well as the planning and execution of major exercises. These contribute significantly to PJHQ's readiness to exercise its operational command of all joint UK forces on overseas operations.

 

SEA - over £10m ECS contract

This contract, won against strong domestic and international competition, represents an extension of SEA's engagement with both the Astute submarine programme and BAE Systems. SEA will lead a team including Thales Underwater Systems Ltd, Selex Communications and Aish Technologies Ltd. SEA was selected as preferred contractor for ECS in September 2009, and has already commenced work under pre-contract authorisation from BAE Systems.

 

Commenting on developments, Andy Thomis, Chief Executive of Cohort plc said:

 

"These three contract wins clearly demonstrate a high level of customer confidence in the capability and core skills in each of our subsidiaries. They reinforce our credentials as a leading provider of defence services and solutions, as well as providing a base of long-term stable income to further underpin future group performance. We currently expect to close the year with an order book exceeding £100m compared with a total of £47.2m at 30 April 2009."

 

ENDS

For further information, please contact

Cohort plc

Andrew Thomis, Chief Executive

Simon Walther, Finance Director

+44 (0)1491 845 630

Investec

Keith Anderson, Daniel Adams

+44 (0)20 7597 5970

Hogarth

Julian Walker, Vicky Watkins

+44 (0)20 7357 9477

 

 

Note to Editors

Cohort plc (www.cohortplc.com) is an independent technology group working primarily for defence (air, land and sea), wider government and industry clients, through three market-facing subsidiary companies:

 

·; MASS (www.mass.co.uk) - a specialist systems house with considerable experience in the defence market and a focus on Information Systems. Based in Cambridgeshire, MASS was acquired by Cohort in August 2006;

·; SCS(www.scs-ltd.co.uk) - an independent defence consultancy, combining technical expertise with practical experience and domain knowledge. Owned by Cohort since flotation in March 2006;

·; SEA (www.sea.co.uk) - an advanced surveillance systems and software house with hardware development capability operating in the defence, space, transport and offshore market sectors. Acquired by Cohort in October 2007.

Cohort(AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Oxfordshire and, through its operating companies, employs in total around 500 core staff there and at bases in Bristol, Cambridgeshire, Oxfordshire, Lincolnshire and Somerset.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTMMGMDDZDGGZM
Date   Source Headline
1st Jun 202611:41 amRNSTotal Voting Rights
27th May 20267:00 amRNSFull Year Trading Update
26th May 20267:00 amRNSNotice of Full Year Trading Update
12th May 202610:46 amRNSHolding(s) in Company
1st May 20269:37 amRNSTotal Voting Rights
10th Apr 20263:58 pmRNSDirector/PDMR Shareholding
10th Apr 202612:35 pmRNSHolding(s) in Company
2nd Apr 20267:00 amRNSBlock Listing Six Monthly Return
1st Apr 202610:10 amRNSTotal Voting Rights
26th Mar 20267:00 amRNSContract Announcement
23rd Mar 20267:00 amRNSContract Announcement
2nd Mar 202611:57 amRNSTotal Voting Rights
25th Feb 20269:51 amRNSBlock Listing Six Monthly Return
20th Feb 20267:00 amRNSDirector/PDMR Shareholding
17th Feb 20263:41 pmRNSHolding(s) in Company
16th Feb 20267:00 amRNSDirector/PDMR Shareholding
4th Feb 20269:35 amRNSHolding(s) in Company
2nd Feb 20264:54 pmRNSTotal Voting Rights
30th Jan 20267:00 amRNSContract Wins
20th Jan 202612:40 pmRNSHolding(s) in Company
15th Jan 20267:00 amRNSInterim Report 2025
5th Jan 20269:00 amRNS-RInvestor Presentation via Equity Development
2nd Jan 202612:40 pmRNSTotal Voting Rights
22nd Dec 20259:00 amRNS-RInvestor Presentation via Engage Investor
22nd Dec 20259:00 amRNS-RInvestor Presentation via Engage Investor
15th Dec 202511:56 amRNSDirector/PDMR Shareholding
11th Dec 20257:00 amRNSDirector/PDMR Shareholding
10th Dec 20257:01 amRNSHalf Year Results
1st Dec 202512:20 pmRNSTotal Voting Rights
28th Nov 20257:00 amRNSNotice of Half Year Results
4th Nov 202511:59 amRNSTotal Voting Rights
27th Oct 20254:37 pmRNSDirector/PDMR Shareholding
16th Oct 202510:11 amRNSDirector/PDMR Shareholding
7th Oct 20253:15 pmRNSDirector/PDMR Shareholding
7th Oct 20257:00 amRNSMASS secures £15.7m countermeasures contract
2nd Oct 202511:03 amRNSBlock Listing Six Monthly Return
1st Oct 20259:53 amRNSTotal Voting Rights
25th Sep 20254:59 pmRNSResult of AGM
25th Sep 20257:00 amRNSAGM Statement
19th Sep 20255:12 pmRNSDirector/PDMR Shareholding
12th Sep 20257:00 amRNS-RInvestor Presentation
10th Sep 20253:21 pmRNSDirector/PDMR Shareholding
3rd Sep 202510:57 amRNSDirector/PDMR Shareholding
1st Sep 202511:05 amRNSTotal Voting Rights
26th Aug 20253:22 pmRNSBlock Listing Six Monthly Return
20th Aug 20253:56 pmRNSAnnual Report and Notice of Annual General Meeting
15th Aug 20253:35 pmRNSDirector/PDMR Shareholding
11th Aug 20255:10 pmRNSDirector/PDMR Shareholding
1st Aug 20254:16 pmRNSTotal Voting Rights
17th Jul 20259:49 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.