2nd Oct 2019 11:08
(Alliance News) - Aerospace, defence and engineering firm Cohort PLC said Wednesday its electronic warfare support unit secured multi-year contract extensions worth a combined GBP11 million.
MASS Consultants Ltd - the wholly-owned electronic warfare support subsidiary of Cohort - secured five military support contract extensions worth a combined GBP11.1 million with unnamed clients.
The contracts are expected to be delivered over the next three years.
"I am delighted to confirm that we will be providing additional support for these important military contracts," Cohort Chief Executive Officer Andy Thomis said. "Together with other recent wins across the group, these contracts will enhance the visibility of future group revenue."
For the year ended April, Cohort generated GBP9.9 million pretax profit on revenue of GBP111.8 million.
Shares in Cohort were 0.2% higher at 515.00 pence in London on Wednesday.
By Ahren Lester; [email protected]
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