Cobham to keep flying miners in Australia
Cobham said its aviation division has secured a multi-million dollar extension on a contract to fly miners to remote parts of Western Australia.
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.
The deal is worth AUD$65m and builds on services Cobham has provided to companies operating in the Pilbara area of the country since 2003.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%
Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the US
Medium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.