29 May 2013 07:00
29 May 2013
Cobham Wins AUD$85 Million Aviation Services Contract Extension from Ok Tedi Mining Limited
Cobham plc ('Cobham') today announces that it has received a five year contract worth AUD $85 million from Ok Tedi Mining, Limited (OTML), extending the scope of its Fly-in Fly-out (FIFO) aviation services to transport workers to the remote mines in Papua New Guinea through to 2019.
Cobham will conduct the flights between the mine site at Tabubil and major centres including Port Moresby, Lae, Madang, Mt Hagen, Goroka and Rabaul, covering in excess of one and half million kilometres a year and over 800 passengers a week.
Commenting on the contract, Cobham Chief Executive Officer, Bob Murphy said:
"This extension strengthens our 22-year relationship with OTML and its operation in Papua New Guinea. We will also increase the number of aircraft we operate in the region from two to three Bombardier Dash 8 in early 2014, further enhancing our operations."
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ENQUIRIES
Cobham plc
Julian Wais, Director of Investor Relations +44 (0)1202 857998
Brunswick
Michael Harrison/Will Carnwath +44 (0)20 7404 5959
About Cobham
Cobham protects lives and livelihoods with its differentiated technology and know-how, operating with a deep insight to customer needs and agility. 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. The most important thing Cobham builds is trust. |