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.
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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.
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