10 Aug 2015 07:00
10 August 2015
Divestment of Composites Businesses for US$200m
Cobham today announces that it has reached agreement to divest its composites businesses to Meggitt PLC for US$200m in cash, payable on completion. The transaction is consistent with Cobham's strategy of simplifying its portfolio by focusing on segments where it has scale and market leading positions. The transaction will complete once customary regulatory approvals have been received.
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ENQUIRIES
Cobham plc | |
Julian Wais, Director of Investor Relations | +44 (0)1202 857998 |
Brunswick | |
Michael Harrison/Charles Pemberton | +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; wireless; audio, video and data communications, including satellite communications; defence electronics; life support and mission equipment.