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11 Sep 2018 | 13:16

Cohort maintains full-year outlook amid positive order talks

Defence technology group Cohort said it was maintaining its overall performance expectations for the year amid 'positive' discussions with customers on order opportunities.

At 31 July, the company's order book stood at £104.5m, up from £102.5m at 30 April.

Discussions were currently underway for an extension of export electronic warfare work at MASS and export orders for a torpedo launch system at SEA.

Talks were also being held regarding further orders for submarine surveillance systems at MCL and a large order for vehicle intercoms for EID.

'The group's performance for the year will depend on the level and timing of success in these and other order prospects,' chairman Nick Prest told the company's annual general meeting.

'Considering the balance of risks and opportunities, we maintain our overall performance expectations for the year.'

'We continue to look for opportunities to augment organic growth through targeted acquisitions, supported by a strong funding position.'

At 1:16pm: (LON:CHRT) Cohort PLC share price was -22.5p at 377.5p

Story provided by StockMarketWire.com
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