Defence technology supplier Cobham has won contracts to supply hand-held Improvised Explosive Device (IED) detection equipment to several European customers.
The orders, which total £13.8m, are to be delivered in the second half of the year from the company's Antenna Systems site in Leatherhead, UK.
The detection equipment incorporates Cobham's ground-penetrating radar (GPR) systems.
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
Fred Cahill, the Vice President of Cobham Antenna Systems, said: "Cobham has leading-edge expertise in the development and application of advanced GPR technologies, leading to more than £26m in orders during the first half of 2012.
"Hand-held detectors incorporating our GPR systems protect lives and deliver enhanced Counter-IED capabilities for the most demanding military requirements."
The share price was 0.5% lower at 219.50p by 08:40.
NR
-
ChatGPT turns three: what’s next for the ‘AI era’?Three years after its launch kickstarted the age of AI, ChatGPT and its maker OpenAI are driving the stock market. But concerns are growing over whether OpenAI will be able to turn its AI dominance into profit.
-
What to do with old £1 coinsThe old one pound coin was demonetised in 2017, but there are still millions out there in the UK. Here’s what to do if you find an old £1.
