Cohort PLC (AIM:CHRT) shares ticked up 4% as the defence contractor notched up a second big contract in the space of two days.
Subsidiary Marlborough Communications has been awarded two orders with a total value of £21.4 million by an unnamed UK government customer with work to start immediately.
“Together with other recent contract wins across the group, this further underpins our order book and enhances the visibility of future revenues," said Andy Thomis, chief executive.
On Monday, another subsidiary, EID, picked up a €33 million (£27.7 million) with NATO’s Communications and Information Agency.
EID will supply the Portuguese Army with a Tactical Deployable Communication and Information System (TDCIS), over a three-year contract period.
Results today also confirmed the rising trend with annual revenues up by 11% to £202 million and pre-tax profits 42% ahead at £19.8 million.
Orders during the year totalled £392 million with the year-end order book up 58% at £518 million.
The dividend for the year rises by 10% to 14.8p.
Shares in the group rose by 32p to 858p, a new five-year high.