Cobham wins satellite deal with Boeing
Cobham, the defence technology supplier, has been awarded a contract to supply electronic systems to Boeing's Wideband Global SATCOM satellite programme.
Cobham, the defence technology supplier, has been awarded a contract to supply electronic systems to Boeing's Wideband Global SATCOM satellite programme.
The $65m contract is for the production of three satellite flight sets, with additional options for three more sets. For each satellite Cobham will supply 1,000 modules, which together enable the satellite to transmit and receive communications.
Work is expected to be completed in 2013 and will take place in the firm's facility in Lowell, Massachusetts.
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 is pleased to support this critical Department of Defence programme to enhance military satellite communications capability by providing the portfolio of RF modules that support additional bandwidth required by the military," said Jill Kale, Vice President of Cobham Defence Electronics.
According to US aircraft maker Boeing, the aim of the Wideband Global SATCOM (WGS) is to provide broadband communications connectivity for US and allied war-fighters around the world.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Zoopla: House sales fall for first time in two years as buyers wait for Autumn BudgetThe average price of a house in September was £270,000, down £1,000 from August as the housing market’s Christmas slowdown came early, Zoopla says
-
Number of high-earning women jumps 12% – how to convert income into pensionsMore women than ever are paying the highest rate of tax as record numbers succeed in high paying professional roles. But their pension saving still needs to catch up
