Cohort (LSE:CHRT) said its Portuguese subsidiary EID has been awarded a €42.3 million contract to supply Integrated Communication Systems and associated networks for the Portuguese Navy’s new fleet. The agreement covers supply vessels and offshore patrol vessels, with deliveries scheduled to run through to 2029.
The contract strengthens EID’s role as a key maritime communications provider and further deepens Cohort’s relationship with the Portuguese Navy. Management noted that the agreement, together with a recent satellite communications contract secured by group company EM Solutions, reinforces Cohort’s involvement in Portugal’s naval modernisation programme and reflects evolving operational requirements in defence communications.
The new award adds meaningful support to Cohort’s order book and improves visibility over future revenues, providing greater medium-term certainty for investors and stakeholders.
The company’s outlook is supported by strong underlying financial performance, including robust revenue growth and a solid balance sheet with conservative leverage. Technical indicators remain broadly positive, with an established upward trend and favourable MACD signals, although elevated RSI and stochastic readings suggest the shares may be somewhat overextended in the near term. From a valuation perspective, the relatively high price-to-earnings ratio and modest dividend yield act as limiting factors.
More about Cohort plc
Cohort plc is an independent defence technology group headquartered in Reading, UK. The company operates seven businesses across the UK, Australia, Germany, Portugal, Canada, Italy and the Netherlands. Listed on London’s AIM market, Cohort focuses on communications, intelligence, sensors and effectors, providing advanced systems and services to defence and security customers worldwide, including naval, military and government organisations.
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