Cohort (LSE:CHRT) announced that its Australian subsidiary EM Solutions has been awarded a AU$21.7 million contract to deliver Cobra and King Cobra satellite communications terminals to the Portuguese Navy. The equipment will support mid-life upgrades of Vasco da Gama-class frigates as well as several new naval construction programmes, with deliveries scheduled through to 2030.
The contract was awarded through the multinational M-Frigate Users Group, with the Netherlands acting as the contracting authority. The agreement further strengthens EM Solutions’ reputation as a provider of advanced naval satellite communications systems and adds to Cohort’s growing order book, improving revenue visibility for the coming years.
The award highlights increasing demand from navies for resilient, high-speed and long-range communication systems capable of supporting modern maritime operations. By expanding its presence within an established European naval fleet and participating in international cooperative procurement frameworks, Cohort is reinforcing its competitive position in the defence technology sector while providing greater certainty around future revenue streams.
Cohort’s outlook is supported by strong financial performance, including robust revenue growth and a balance sheet that remains conservatively leveraged. Technical indicators are generally favourable, with the share price showing strong trend momentum and a positive MACD signal, although elevated RSI and stochastic readings suggest some near-term risk of overextension. Valuation remains a limiting factor due to a relatively high P/E ratio and a modest dividend yield.
More about Cohort plc
Cohort plc is an independent defence technology group listed on London’s AIM market. The company develops and supplies communications, intelligence, sensor and effector systems for military and security customers worldwide. Through seven subsidiaries across the UK, Europe, Australia and North America, Cohort provides capabilities including naval communications, electronic warfare, sonar, surveillance and other advanced defence technologies to domestic and export markets.
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