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Cohort PLC on Tuesday said that its subsidiary, Chess Dynamics Ltd, has been given a contract to provide surveillance systems for Australia’s Hunter class frigates. According to the Reading, England-based medical products and technology company, Chess Dynamics has been given the contract by BAE Systems Maritime Australia to supply its Sea Eagle surveillance systems for the Royal Australian Navy’s Hunter class frigates. BAE Systems is a defence, aerospace and security company. The contract is valued at £15.7 million, with work due to start immediately and continue until 2031. ‘This order provides further confirmation of the capability and competitiveness of Chess’s Sea Eagle system, and we are delighted to add the Royal Australian Navy to the user base. This, combined with the recent contract with the Royal Canadian Navy, demonstrates the continuing expansion of Cohort’s international customer base,’ said Chief Executive Andy Thomis. ‘Together with other recent contract wins across the group, this further underpins our order book and enhances the visibility of future revenues.’ Cohort shares were trading 1.0% higher at 595.75 pence each in London on Tuesday afternoon. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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