Flash note: aMASSing contracts
Cohort has announced a new export contract for MASS as well as a minor delay to completing the EID acquisition in Portugal due to process issues. The latter may lead to some modest trade-off between current-year contribution and net assets acquired, but is essentially a timing issue. The additional work for MASS underpins current-year prospects, which should further support sentiment at the half year. The share price has continued to perform well, edging up to our current fair value of 395p.Cohort is a holding company. Co. operates through its subsidiaries: Empresa de Investigacao e Desenvolvimento de Electronica, S.A., which is engaged in the fields of electronics, tactical and naval communications, command and control; MASS Consultants Limited, which is an electronic warfare operational support, cyber security, secure ICT networks and support to operations business serving customers primarily in defense and security markets; and Marlborough Communications Limited, which is a supplier of electronic communications, information systems and signals intelligence technology to the defense and security sectors.
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