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."
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
Cobham shares were down 0.22% in early trading on Monday. Since the start of 2012 the stock has gained 26%.
BS
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
