Cohort plc (LON:CHRT), the AIM-listed independent technology group, has announced that its wholly owned subsidiary Chess Dynamics (Chess) has been awarded three contracts for Air Defence systems produced by Rheinmetall Air Defence AG, totalling more than £25 million. Under the contracts, Chess will provide electro-optical tracking surveillance systems and multi-sensor units. Work will commence immediately, and deliveries will continue out to 2028.
Cohort is targeting further opportunities in this area.
Andy Thomis, Cohort Chief Executive, said:
“This order once again demonstrates Chess’ position as a trusted supplier of robust surveillance and tracking systems. We are pleased to have established this important partnership with Rheinmetall Air Defence, one of the world’s leading suppliers of Ground Based Air Defence systems, and we look forward to a long and successful relationship.”
“This order further underpins our order book and enhances the visibility of future revenues.”
