Cohort subsidiary SEA has been awarded a contract by BAE Systems for the supply of its External Communications System (ECS) for the second stage of the common External Communications System (cECS) programme. This reaffirms one of Cohort’s key core competences and further strengthens the group’s long-term outlook. The positive development of the global defence and security spending outlook provides a healthy environment for Cohort’s organic development. Recent share price performance leaves significant upside to our sum of the parts-based fair value of 445p.
