Cohort’s shares rally after soaring defence demand spikes profit Tech Defence tech group Cohort shot past market expectations for the year ending April 30 as geopolitical tensions helped spike demand. The London-listed firm, whose customers included the UK Ministry of Defence, recorded a pre-tax profit of £25.6m, up 29 per cent from 2024. This came as revenue jumped 33 per cent to £270m as the [...]
Drones, AI, space: where to invest amid defence tech boom Tech The world is rearming at a dizzying pace. Global defence spending has surged at an annual rate of 4.2 per cent since 2020 – that’s four times faster than pre-pandemic levels, according to the Stockholm International Peace Research Institute. By 2030, that figure is expected to hit $3.4tr, reflecting rising geopolitical tensions and the race [...]
Cohort’s order book hits record amid booming defence spending Industrials AIM-listed defence group Cohort has reported strong half-year results, attributing its performance to conflicts in Europe and the Middle East and “heightened international tensions” in the Asia-Pacific region. The group, which owns six defence companies including Chess, EID, and SEA, recorded a 25 per cent year-on-year increase in revenue for the six months to 31 [...]
Cohort cashes in on defence boom with record year for orders September 24, 2024 Cohort said it secured a closing order book of £518.7m last year, its highest ever and stretching to at least 2037.
Qinetiq: ‘Good’ start to year helps defence firm to play catch-up on rivals July 18, 2024 A landmark deal with NATO and the ongoing success of long-term agreements in the UK and Australia have helped defence firm Qinetiq to welcome a "good" start to the year.
Cohort: Defence firm has record revenue and bumper order book amid ‘persistent’ tensions July 17, 2024 Defence holding group Cohort pointed to the invasion of Ukraine and "persistent" tensions in the Aisa-Pacific region as being the core drivers of the record revenue and bumper profit it posted in its preliminary results.
Cohort: Ukraine and Middle East conflicts drive record orders for defence firm May 23, 2024 Defence technology company Cohort received record orders last year, driven by ongoing conflict in Ukraine and the Middle East.