Defence technology firm Cobham has been awarded a 39m-dollar contract to manufacture a transmitter-antenna for the US Navy and Marine Corps' electronic warfare aircraft.
The contract is a modification to a previously awarded agreement and will see the US military exercise an option for 48 Low Band Transmitters; 13 vertically polarised antennas; and 28 horizontally polarised antennas.
"Cobham's Low Band Transmitter has a legacy of reliability and operational excellence," said Jill Kale, Vice President of Cobham Sensor Systems. "Activating this option to the fixed price contract is aligned with the Navy's acquisition strategy, and capitalizes on our expertise."
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 shares were down 0.22% in early trading on Monday. Since the start of 2012 the stock has gained 26%.
BS
-
Steve Webb: The triple lock is there to do a job. I’m not embarrassed or ashamed of itThe triple lock means 13 million pensioners will now get an above-inflation state pension boost in April. While the rising cost of the policy has stirred controversy, Steve Webb, who served as pensions minister when it was introduced, argues the triple lock is vital and should stay. Webb speaks to Kalpana Fitzpatrick on the new episode of MoneyWeek Talks – out now.
-
How retirement pots risk running out 11 years early if inflation remains highPension savers could find their retirement income may not last as long as they anticipated over fears that inflation may not slow down
