Cohort (AIM:CHRT) – terrific contract win from the acronym boys
The independent technology group, has announced a terrific contract win accompanied by a host of new acronyms for us to enjoy – we think they might be having a laugh with the latest acronym offering!
The Group’s subsidiary Marlborough Communications Ltd. (MCL) has been awarded a contract by the UK Ministry of Defence to provide the armed forces with tactical hearing protection systems for the dismounted close combat user ( “THPS DCCU” – that’s a real cracker!). The initial order value is £11.2m and encouragingly further orders are expected over the duration of the contract with the delivery schedule and total contract value still the subject of discussion with the customer. The contract has been awarded for four years, with an option to extend it for a further three years. There is a great quote…