Cobham, the FTSE 250 aerospace and defence technology and systems group, has received a two-year contract extension with the Australian Customs and Border Protection Service for its aerial maritime surveillance contract.
The extension is worth £105m to Cobham and secures the contract until the end of 2021.
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"This two-year agreement extends our operation until 2021 and further underpins our business operations in this strategically important country, where we also provide contracted airline services for Qantas and fly in fly out services for numerous resource industry clients."
The company's Aviation Services division has been working on Australia's borders since 1995 under a performance-based service contract involving the full turnkey operation of 10 highly modified Bombardier Dash 8 maritime patrol aircraft that fly 2,500 missions and 15,000 hours each year.
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