Cobham plc (‘Cobham’) has been awarded a five year base contract extension worth £165m by the UK MoD for essential operational readiness training, with an anticipated value of some £200m through to 2019.
The contract builds on a 25 year partnership with the Royal Navy and Royal Air Force, using Cobham’s extensive understanding of front-line needs and technology know-how to provide training to service personnel operating platforms including the Eurofighter Typhoon and Type 45 Destroyer. While most of the flying is conducted in UK airspace, a number of the MoD's overseas detachments are also supported in regions such as North America and the Middle East.
Commenting on the contract, Cobham Chief Executive Officer, Bob Murphy said: “We have successfully adapted our operational readiness training to meet the needs of the Armed Forces through to the end of 2019, using the extensive technology and know-how we have developed since the service was first introduced in the mid 1980s. We look forward to further developing this highly effective partnership with the MoD.”
Source: Cobham Plc (LSE: COB.L)
Date: May 23, 2013