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
-
What investors can expect from stocks and economies in 2025There are reasons for investors to be hopeful about 2025, with slowing interest rates and moderating oil prices. But trouble may be brewing in bond markets
-
Is Xi Jinping ready for Donald Trump's tariffs on China?The ascent of Donald Trump will bring new challenges for Xi Jinping
