The sale - agreed in February - followed Cobham reviewing the future for its test and measurement business and deciding divestment was the "best way to generate shareholder value and bring strategic benefits" to the FTSE 250-listed aerospace and defence firm.
In 2017, the two units generated
In February, Cobham said it planned to use the proceeds from the sale - alongside existing cash balances - to pay down
Cobham Chief Executive Officer David Lockwood said the sale was a "good deal for Cobham shareholders, as we can now focus on delivering value-add technology and capabilities to our defence, aerospace and space customers, supported by a more resilient balance sheet."
Cobham shares were up 0.2% at
