Defence technology group Cobham has been awarded an order to supply NATO forces with leading-edge vehicle mounted Improvised Explosive Device (IED) detection equipment.
The £16m deal will be completed by Cobham's Antenna Systems this year.
Fred Cahill, VP Cobham Antenna Systems, said: "Cobham will deliver enhanced Counter-IED detection capabilities, which can be safely deployed from within the protection of mine-resistant ambush-protected vehicles. These advanced systems are designed for the most demanding military requirements and complements existing technology which Cobham provides to protect lives and livelihoods."
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
NR
-
Why CEOs deserve a pay riseOpinion The CEOs of big companies often come under fire for being grossly overpaid. But the truth, as per some economists, is the opposite. Do they merit a pay rise?
-
Europe prepares to stand alone as Trump turns on UkraineSupport for old military alliances is wavering in the US under Donald Trump. Europe’s leaders are rushing to fill the void. Simon Wilson reports
