Cohort plc (LSE:CHRT) said its subsidiary Marlborough Communications Ltd (MCL) has secured a series of new UK defence orders worth a combined £17.9m, providing firm support for the Group’s revenue expectations in the 2025/26 financial year. The awards include a £14.0m contract from a UK government customer for the near-term supply of uncrewed air systems, alongside two years of in-service support, delivered in partnership with long-standing supplier Skydio. In addition, MCL has received a further £3.9m order for tactical audio systems from a UK customer, adding to near-term delivery commitments.
Chief executive Andrew Thomis said the contract wins reflect MCL’s strong relationships with defence customers and its proven engineering capabilities, while also strengthening Cohort’s order book and improving revenue visibility. Management noted that the new business fully underpins current consensus revenue forecasts for FY2025/26, reinforcing confidence in the Group’s short- to medium-term outlook.
More broadly, Cohort’s solid operational and financial performance, together with supportive corporate developments, provide a strong underlying base. However, this is partly tempered by weaker technical indicators and a valuation that suggests a more cautious market stance despite the Group’s consistent revenue growth and disciplined strategic execution.
More about Cohort plc
Cohort plc is an AIM-listed independent technology group supplying defence and related products and services through seven operating businesses across the UK, Australia, Germany and Portugal. The Group is structured around Communications and Intelligence, and Sensors and Effectors divisions, with subsidiaries delivering advanced communications, surveillance, electronic warfare, sonar and naval systems to domestic and international defence customers, including the UK Ministry of Defence and other government agencies.
Leave a Reply