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25 Oct 2018 | 09:47

Cohort's subsidiary Mass wins £50m contract with Ministry of Defence

Technology group Cohort said Thursday its subsidiary, Mass Consultants, had been selected as a preferred bidder for an eight-year contract valued at over £50m.

Under the proposed contract, Mass would provide in-service support for the UK Ministry of Defence, including operational analysis studies, IT infrastructure management, modelling and simulation and software engineering. This represented a continuation of work undertaken by MASS since 2000, the company said.

The contract was expected to run from April 2019 until March 2027 with a break point in March 2023. It also included four optional one-year extension periods that, if exercised, could extend the contract though 2031, the company said.

The contract award remained subject to final negotiation and Ministry of Defence approval, Cohort said. 'To be selected as the preferred provider of this important national capability is a great vote of confidence in MASS and in the Cohort Group. Together with other recent wins, this contract, when confirmed, will enhance the visibility of future Group revenue,' said Andy Thomis, Chief Executive of Cohort.

At 9:47am: (LON:CHRT) Cohort PLC share price was +2.5p at 397.5p

Story provided by StockMarketWire.com
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