Cohort subsidiary wins EUR4.8m contract with Portuguese army

AIM-listed technology group Cohort said on Thursday that its subsidiary EID has been awarded a €4.8m contract to provide communication equipment for the Portuguese army

Under the terms of the contract, EID will supply communication equipment for 139 VAMTEC 4x4 light armoured tactical vehicles over the next two years. The contract follows 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 sub-contractor.

Chief executive Andy Thomis 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."

At 1055 BST, the shares were up 1.2% to 420p.