Report

Flash note: External communication

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.
Underlying
Cohort

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.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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