Cohort subsidiary wins air base protection contract

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Independent technology group Cohort said on Thursday that its wholly-owned subsidiary Chess Dynamics has been awarded a €7.5m (£6.72m) contract for its ‘Air Guard Counter-Unmanned Aerial Systems’ (C-UAS).

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The AIM-traded firm said the contract was for air base and critical infrastructure protection, and was for an unnamed international customer.

It said the majority of the contract would be delivered during the current and next financial years.

“I am delighted to confirm that Chess has secured this important contract, which speaks to the benefits of its well-proven defence technologies,” said chief executive officer Andy Thomis.

“Together with other recent wins across the group, this contract further underpins Group revenues and our short and medium term outlook.”

At 1455 BST, shares in Cohort were up 1.06% at 574p.