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.
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
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
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
