Cohort plc’s SEA Secures £8M Contract with Thales UK

The latest announcement is out from Cohort plc ( (GB:CHRT) ).

Cohort plc’s subsidiary, Systems Engineering Assessment Ltd (SEA), has secured a significant £8 million contract with Thales UK as part of the 15-year Maritime Sensor Enhancement Team (MSET) programme. This 5-year contract involves providing maintenance and support for the Royal Navy’s towed array handling equipment, enhancing Cohort’s visibility of future revenues and reinforcing its position as a key provider in naval defence systems.

Spark’s Take on GB:CHRT Stock

According to Spark, TipRanks’ AI Analyst, GB:CHRT is a Outperform.

Cohort plc’s stock score reflects its robust financial health and strong growth potential, supported by strategic corporate actions and positive technical trends. While the valuation is fair, continuous positive corporate developments and a solid financial foundation enhance the stock’s attractiveness in the aerospace & defense sector. However, investors should be aware of potential near-term overbought conditions.

To see Spark’s full report on GB:CHRT stock, click here.

More about Cohort plc

Cohort plc is a UK-based independent technology group with a focus on defence and related markets, operating through seven businesses across the UK, Australia, Germany, and Portugal. The company provides a range of services and products for domestic and export customers, with divisions in Communications and Intelligence, and Sensors and Effectors. Cohort was admitted to London’s Alternative Investment Market in 2006 and employs over 1,500 staff.

Average Trading Volume: 169,368

Technical Sentiment Signal: Buy

Current Market Cap: £636.2M

See more insights into CHRT stock on TipRanks’ Stock Analysis page.