Defence technology manufacturer Cobham said it had taken £13m of orders from NATO countries in the first quarter of 2012.
Cobham said the contracts were to supply ground-penetrating radar (GPR) and support solutions for an unspecified number of NATO customers.
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
"Cobham has been developing GPR technologies for many years and we continue to provide leading-edge Counter-Improvised Explosive Device capabilities for the most demanding military requirements,' said Fred Cahill, Vice President of Cobham Antenna Systems.
There was no word on Cobham's hostile bid for Danish satellite communications outfit Thrane and Thrane.
The UK group has offered 420 Danish kroner for each share of Thrane & Thrane, the same price rejected by the Danish company's board back in March after a year of negotiations.
However, things have moved on since then with Cobham increasing its stake in Thrane & Thrane after institutional investors representing 22.74% of the Danish company's shares decided that they would be happy to take Cobham's cash at that price.
The terms of the Cobham offer value Thrane & Thrane at around £270m.
Cobham said the terms of the offer would not be increased, save in the event of the intervention of a potential rival bidder.
-
Premium Bonds winners announced – did you scoop the September jackpot?NS&I has announced the winners for September’s Premium Bonds prize draw, with two lucky savers becoming overnight millionaires. Did you win this month?
-
What is the 25x retirement rule and does it work?The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
