Thrane and Thrane, the Danish satellite communications company recently acquired by UK defence firm Cobham, has been awarded a contract by US aeronautics firm Lockheed Martin for a satellite communication component.
The deal is expected to be worth more than DKr150m (£15.9m) and will see Thrane & Thrane's Aviator 700D product used on a fleet of some 200 US Air Force C-130J Super Hercules military transport aircraft which are being upgraded.
JH
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
-
What Disney tells us about how we draw investment conclusions -
High pension fees could take £70k from your retirement pot – time to check what you’re payingEight out of 10 savers have no idea what fees they are paying to their pension provider to manage their retirement fund, and these charges can vary wildly.
