Cobham, the defence technology supplier, has won a contract with US aircraft manufacturer Boeing to provide a gas safety system for the US Air Force's new tanker aircraft.
By displacing fuel tank vapours, which could blow up, with nitrogen gas (that won't), the system will be a key feature of the new aeroplanes.
Boeing has a contract to supply 179 of the tankers, and each one will now include Cobham's so called on-board inert gas generating system, or OBIGGS for short..
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's shares were down 0.6% shortly after the open.
BS
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
