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Cohort Plc’s subsidiary bags three new contracts

1 min read | October 21, 2020 10:45 AM BST | By Team Kalkine Media
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Cohort Plc’s (LON:CHRT) subsidiary Chess Dynamics Ltd has bagged three new contracts with the UK and European customers.

  • The three contracts which cover Chess Dynamics’ Land, Naval, and Custom business areas, are of an approximate combined value of £16 million.
  • As per Andy Thomis, Chief Executive of Cohort an independent technology group, the contract builds the export position and marks the leading technological capability of Chess in ground-based air defence, naval surveillance, and high accuracy tracking.
  • Cohort Plc has stated that the primary work will begin in the Group's current financial year, and deliveries will take place from 2021 through to 2028.
  • On 21 October 2020, the stocks of the company were up by 1.75% from the previous closing, hovering at GBX 580.00 at 09:19 AM GMT+1.

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