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04 Oct 2018 | 10:26

Cohort subsidiary EID wins €4.8m Portuguese Army contract

Technology group Cohort said Thursday its subsidiary EID had been awarded a contract worth €4.8m to provide communication equipment to the Portuguese Army.

Under the terms of the contract, EID would supply communication equipment for 139 VAMTEC 4x4 Light Armoured Tactical Vehicles over the next two years.

The contract win followed an International Competitive Tender issued by the NATO Support and Procurement Agency on behalf of the Portuguese Ministry of Defence. The competition was won by the Spanish vehicle manufacturer URO Vehiculos Especiales, with EID as subcontractor, Cohort said. 'This win represents another addition to EID's long record of success in providing military communication equipment to domestic and export customers. The contract award, together with other recent wins, enhances the visibility of future Group revenue,' said Andy Thomis, Chief Executive of Cohort.

At 10:26am: (LON:CHRT) Cohort PLC share price was +5p at 420p

Story provided by StockMarketWire.com
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