Cohort PLC ELAC SONAR wins EUR49m contract for Italian Navy (3724E)
July 07 2021 - 2:00AM
UK Regulatory
TIDMCHRT
RNS Number : 3724E
Cohort PLC
07 July 2021
7 July 2021
COHORT PLC
(Cohort or the Company)
Contract Win
ELAC SONAR WINS SIGNIFICANT CONTRACT FOR ITALIAN NAVY'S NEW U212
NEAR FUTURE SUBMARINES
Cohort, the independent technology group, is pleased to announce
that its wholly owned subsidiary ELAC SONAR GmbH ("ELAC") has
received an order valued at over EUR49m from Leonardo S.p.A., a
leader in the design and supply of systems for naval defence and
maritime and coastal surveillance.
ELAC will provide sonar systems for two new U212 Near Future
Submarines (NFS) being supplied by Fincantieri for the Italian
Navy. The contract also includes delivery of special test and
training tools and associated technical services.
Work on the contract will commence immediately and will complete
in 2030, it also includes options for two more U212 NFS
submarines.
Andy Thomis, Chief Executive, said
"This is a major achievement for ELAC SONAR and its first major
contract win since becoming part of Cohort in December 2020. Being
selected to provide the complete submarine sonar suite for a
European Navy of the first rank is a strong and visible endorsement
of ELAC's world leading Sphere(TM) technology. We look forward to
working with Leonardo and Fincantieri to create a capability for
the Italian Navy that is unmatched on a submarine of this
class.
"The contract is also a significant addition to the Group's
order book and, together with other recent wins, enhances the
visibility of future revenues."
ENDS
For further information, please contact:
Cohort plc 0118 909 0390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
Raquel McGrath, Company Secretary
Investec Bank plc 020 7597 5970
Daniel Adams / Christopher
Baird
MHP Communications 020 3128 8100
Reg Hoare / Pete Lambie /
Alex Janiaud
NOTES TO EDITORS
Cohort plc ( www.cohortplc.com ) is the parent company of six
innovative, agile and responsive businesses based in the UK,
Germany and Portugal, providing a wide range of services and
products for domestic and export customers in defence and related
markets.
Chess Technologies, through its operating businesses Chess
Dynamics and Vision4ce, offers surveillance, tracking and
fire-control systems to the defence and security markets. It was
acquired by Cohort plc in December 2018. www.chess-dynamics.com
& www.vision4ce.com
EID designs and manufactures advanced communications systems for
naval and military customers. Cohort acquired a
majority stake in June 2016. www.eid.pt
ELAC SONAR supplies advanced sonar systems and underwater
communications to global customers in the naval marketplace.
Acquired by Cohort in December 2020. www.elac-sonar.de
MASS is a specialist data technology company serving the defence
and security markets, focused on electronic warfare, digital
services and training support. Acquired by Cohort in August 2006.
www.mass.co.uk
MCL designs, sources and supports advanced electronic and
surveillance technology for UK end users including the MOD and
other government agencies. MCL has been part of the Group since
July 2014. www.marlboroughcomms.com
SEA delivers and supports technology-based products for the
defence and transport markets alongside specialist research and
training services. Acquired by Cohort in October 2007.
www.sea.co.uk
Cohort (AIM: CHRT) was admitted to London's Alternative
Investment Market in March 2006. It has headquarters in Reading,
Berkshire and employs in total around 1,000 core staff there and at
its other operating company sites across the UK, Germany and
Portugal.
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END
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