Cobham Secures Long-Term Agreement For Up to GBP14 M from Astrium

Cobham has secured a Long-Term Agreement (LTA) from Astrium to produce fixed waveguides of various sizes and frequencies for telecommunication satellites during the next 18 months in a deal worth up to £14 Million. The LTA includes an option to extend production into 2014, subject to further agreement.

As a result of this LTA, Cobham facilities at Chichester, England and Les Clayes-sous-Bois, France will make investments in their infrastructure and increase their skilled manufacturing workforces by 20% to 25% to produce guaranteed quantities of waveguides per week through the end of 2013 to meet the Astrium production schedules.

Eiji Kawaishi, vice president of Cobham Aerospace Communications, said: “These agreements for our waveguide business units are important milestones in our business plans in this dynamic market, where strong heritage and product quality are key factors in supplier selection. The agreement demonstrates Astrium’s confidence in the high quality of our product and our performance as a committed business partner with them.”

These very specialised waveguides operate in the Ka, Ku, C and X-band frequencies and will be used on satellites purchased by major customers of Astrium for direct to home TV broadcast, broadband, and telecommunications applications.

Source: Cobham Plc (LSE: COB.L)
Date: Jul 16, 2012