Cohort Subsidiary MCL Wins £17.9M UK Defence Contracts

MCL Secures £17.9 Million in Key UK Defence Orders

Marlborough Communications Ltd (MCL), a subsidiary of Cohort plc, has secured new contracts valued at a total of £17.9 million. These agreements involve the supply of advanced uncrewed air systems and tactical audio equipment to UK government customers, reinforcing the company's market position.

Contract Details and Strategic Partnerships

The larger contract, worth £14.0 million, is for the immediate delivery of uncrewed air systems, which includes a two-year in-service support package. MCL will deliver this in collaboration with its technology partner, Skydio. A separate £3.9 million order was also received for tactical audio systems for another UK client.

Impact on Cohort's Financial Outlook

According to Cohort's Chief Executive, Andrew Thomis, these contracts significantly enhance the group's order book and improve revenue visibility. He confirmed that these orders, combined with other recent wins, provide sufficient backing to fully support the company's consensus revenue forecast for the 2025/26 financial year.

Summary and Future Outlook

The successful acquisition of these contracts underscores MCL's strong relationship with UK defence customers and its capability to deliver urgent operational requirements. This development positively reinforces Cohort's financial stability and growth prospects, with a clear revenue stream secured for the upcoming fiscal years.

FAQ

Q: What is the total value of the new contracts secured by MCL?
A: The new contracts have a combined total value of £17.9 million.

Q: Who are the main customers for these contracts?
A: The primary customers are UK government entities and other UK-based clients in the defence sector.

Q: How do these contracts affect Cohort plc's financial forecast?
A: The contracts provide full support for Cohort's consensus revenue forecast for the 2025/26 financial year.

Source: Investing.com