Cobham announces jobs boost in UK and France
The defence technology contractor Cobham says a deal to supply 'waveguides' for telecommunication satellites will boost jobs at its plants in Chichester in the UK and Les Clayes-sous-Bois in France.
The defence technology contractor Cobham says a deal to supply 'waveguides' for telecommunication satellites will boost jobs at its plants in Chichester in the UK and Les Clayes-sous-Bois in France.
The long term agreement from Astrium, a subsidiary of EADS, is worth £14m over the next 18 months, and includes an option to extend production into 2014.
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
Eiji Kawaishi, vice president of Cobham Aerospace Communications, said: "These agreements for our waveguide business units are important milestones in our business plans in this dynamic market."
Cobham shares were down 0.55% at 8:16.
BS
-
How cancelling unused direct debits could boost your pension by £37,000A new year refresh of your spending could save you money and help boost your pension pot.
-
NS&I cuts interest rates on 8 savings accountsNS&I will now offer less attractive interest rates for customers wishing to lock their savings away to grow for one, two, three or five years.
