Cobham wins Boeing tanker contract
Cobham, the engineering group, has won a contract to supply fuel tanks to the US Air Force's KC-46 tanker programme.
Cobham, the engineering group, has won a contract to supply fuel tanks to the US Air Force's KC-46 tanker programme.
The tanks enable the KC-46A to fly further and offload fuel during a mission.
The US Air Force plans to initially acquire 179 KC-46A tankers from Boeing, each of which is expected to carry four Cobham body fuel tanks.
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
Work will take place at Cobham's Mission Equipment division in Iowa.
Iain Gibson, vice president of Cobham Mission Equipment, said he was "delighted" at the contract which will see production through to 2028.
This is the second KC-46 contract Cobham has won; in July 2011 the firm was also awarded work related to the aerial refuelling system that will be used on the tanker aircraft.
Over the last year Cobham's share price has dropped 16.5%.
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.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published