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.
Cobham says it will need to invest in both the facilities, boosting the skilled manufacturing workforce by 20% in Chichester and 25% in Les Clayes-sous-Bois.
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
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
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.
-
Which investment trusts could benefit from lower interest rates?
As vehicles for long-term investments, many investment trusts were hit when interest rates rose in 2022. With interest rates expected to fall by the end of the year, could now be the time to invest in one of these unloved sectors?
-
How to protect your personal and financial data from cyber attacks
M&S and the Co-op are the latest retailers to suffer from cyber hacks but consumers also need to be vigilant