The good news keeps coming at defence equipment and software specialist Cohort (CHRT). Just days after exciting markets with its £13.3m acquisition of a Portuguese communications systems specialist, the group's Marlborough Communications unit won an £11.2m hearing-protection contract with the Ministry of Defence.
This four-year deal, which could be extended for a further three years, is expected to generate additional orders, prompting broker Investec to upgrade its adjusted EPS forecasts for the year to April 2017 and 2018 by 3 per cent. That optimism was no doubt escalated by Cohort's acquisition of EID. The Portuguese company, which specialises in naval and tactical communication kit, provides the acquisition-thirsty group with access to a number of new products and geographic regions.
