Cohort subsidiary wins £3m US defence contract
Cohort
1,120.00p
12:40 24/12/24
Independent technology group Cohort announced on Wednesday that its subsidiary, Chess Dynamics, has been awarded a subcontract to provide electro optical (EO) tracking and control systems.
Aerospace and Defence
11,630.30
12:54 24/12/24
FTSE AIM All-Share
717.40
13:14 24/12/24
The AIM-traded firm said the systems would be incorporated into 10 ISO containers, as part of a counter-UAS (unmanned aircraft system) solution for the US Department of Defense.
It said the order, secured through its US partner Liteye, was worth more than £3m and would be delivered in 2019.
“This contract win further cements a successful relationship with the US DoD for Chess, building more flexibility into their counter-UAS capability through the use of easily deployable fully equipped ISO containers,” said Cohort chief executive officer Andy Thomis.
“Together with other recent wins, this contract enhances the visibility of future group revenue.”