17 Apr 2014 07:00
17 April 2014
Cobham DIVESTS REMAINING NON-CORE BUsiNESS
Cobham announces that it has completed the divestment of its last remaining non-core business to management. The small business, which is based in Mineral Wells, Texas, manufactures a range of displays and navigation and safety aids for general aviation customers primarily within the US market.
The transaction includes a US$15m term loan note which is payable to Cobham.
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ENQUIRIES
Cobham plc | |
Julian Wais, Director of Investor Relations | +44 (0)1202 857998 |
Brunswick | |
Ben Fry | +44 (0)20 7404 5959 |
NOTES
1. Cobham protects lives and livelihoods with its differentiated technology and know-how. The Group offers an innovative range of technologies and services to solve challenging problems across commercial, defence and security markets, from deep space to the depths of the ocean. It has market leading positions in air-to-air refuelling; aviation services; audio, video and data communications, including satellite communications; defence electronics; life support and mission equipment.