Cohort PLC
14 August 2026
|
One Waterside Drive Arlington Business Park Reading Berks RG7 4SW
14 August 2026
|
|
COHORT PLC
("Cohort", "the Company" or "the Group")
Contract Win
Sensors and Effectors division awarded €140.7 million contract from Saab
Cohort, the AIM-listed independent technology group, is pleased to announce that its German subsidiary ELAC (Sensors and Effectors Division) has been awarded a contract with a value of €140.7 million. Under the contract, ELAC will collaborate with Saab to deliver integrated sonar systems for the Polish Orka Submarine Programme. Work will commence immediately and deliveries will continue out to the mid-2030's.
Alongside other recent wins across the Group, the contract is expected to enhance the Group's adjusted earnings per share in the following financial year and beyond.
Andy Thomis, Cohort Chief Executive, said:
"This important order confirms ELAC SONAR's position as a world-leading provider of advanced digital sonar systems for submarines.
"We are pleased to have established this important collaboration with Saab whose A26 submarine has been selected by the Polish Navy. We will work together closely to ensure that these advanced vessels are provided with cutting-edge active and passive sonar systems, creating a world-class underwater capability that will make a major contribution to security in the Baltic Sea region.
"ELAC celebrates its 100th anniversary in 2026, and this order demonstrates its continued status as a leading provider of naval hydroacoustic systems for use in the Baltic Sea and worldwide."
ENDS
For further information please contact:
|
Cohort plc |
0118 909 0390 |
|
Andrew Thomis, Chief Executive |
|
|
Simon Walther, Finance Director |
|
|
Kellie Young, Group Head of Investor Communications |
|
|
Investec Bank Plc (NOMAD and Broker) |
020 7597 5970 |
|
Carlton Nelson, Christopher Baird |
|
|
MHP |
020 3128 8276 |
|
Reg Hoare, Ollie Hoare, Hugo Harris |
cohort@mhpgroup.com |
NOTES TO EDITORS
Cohort plc (www.cohortplc.com) is the parent company of seven innovative, agile and responsive businesses based in the UK, Australia, Germany, Italy, Canada and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.
Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total over 1,700 core staff there and at its other operating company sites.
The Group is split into two divisions: Communications and Intelligence, and Sensors and Effectors:
Communications and Intelligence ("C&I")
· EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.pt
· EM Solutions designs, assembles, tests, and supports advanced mobile satellite communications terminals for naval and other customers. Acquired by Cohort in January 2025. www.emsolutions.com.au
· 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
Sensors and Effectors ("S&E")
· Chess Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018. www.chess-dynamics.com
· 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
· SEA delivers and supports technology-based products for the defence market alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
ENDRNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.