9 September 2020
Codan wins Tactical Communications contract with African Nation
Codan Communications, a division of Codan Limited (ASX: CDA; ASX 300 I $1 Billion Market Cap) has won a contract with a large African government to supply tactical communications equipment. The contract has a value in the order of USD $10 million for the supply of Sentry-H radios and accessories, and an expected delivery in the second half of FY21.
Our customer intends to deploy Sentry-H radios for national security purposes in military operations in a country-wide program. The contract is a one-off purchase, and there are no material conditions that are required to be satisfied prior to delivery.
“This is a significant contract for Codan, as it reinforces our strength in providing such equipment to the African market and enhances our strategy to successfully penetrate the security and military sector globally.