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Cohort plc ( (GB:CHRT) ) has provided an announcement.
Cohort plc announced a €16.4 million contract amendment for its subsidiary ELAC Sonar, involving the delivery of sonar systems for an additional submarine for the Italian Navy, raising the total contract value to over €100 million. This contract demonstrates ELAC’s capability to meet high standards and is indicative of Cohort’s visibility in future revenues, strengthening its position in the defence industry.
More about Cohort plc
Cohort plc is a technology group comprised of six businesses across the UK, Germany, and Portugal, providing various services and products in the defence and related markets. The group operates under two divisions: Communications and Intelligence, and Sensors and Effectors, with a focus on advanced communications, electronic warfare, surveillance technology, and sonar systems.
YTD Price Performance: 3.67%
Average Trading Volume: 164,002
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £515.3M
See more data about CHRT stock on TipRanks’ Stock Analysis page.
