Cobham said its aviation division has secured a multi-million dollar extension on a contract to fly miners to remote parts of Western Australia.
The firm said it would continue to offer 'fly-in fly-out' services to transport BHP Billiton workers to mines at Yandi and Area C, 1,100 km northeast of Perth.
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The contract is a bit of good news for investors who were faced with a gloomy update from the firm earlier in November.
At the time the firm predicted a drop in revenues next year as it is hit by the fall in US defence spending.
It also said that a change in its sales mix and new investments would mean lower operating margins next year than are expected in 2012.
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What is the 7 year inheritance tax rule and how does it help cut your bill?Speculation is rife chancellor Rachel Reeves has plans to target inheritance tax once again in her upcoming Budget. But the 7 year inheritance tax rule can save you thousands - here’s how it works.
