Cobham announces that its acquisition of Aeroflex Holding Corp has been successfully completed following the receipt of regulatory and shareholder approvals. The transaction has an enterprise value of approximately US$1,460m.
Cobham Chief Executive Officer Bob Murphy said: “We are pleased to welcome Aeroflex into the Cobham family of businesses. The combination of our technology companies is absolutely aligned with our strategic objective of building and maintaining leading positions in selected higher growth, commercially oriented end markets that increasingly demand more data, connectivity and bandwidth.”
Approximately 70% of Aeroflex's revenue is focused on commercial markets with exposure to wireless, space, microelectronics, industrial, energy and other sectors. This will increase the proportion of Cobham’s commercial revenue from 35 percent to some 42 percent of the total, on a pro forma basis, and builds on Cobham’s focus on connectivity capabilities, customers and characteristics.
Aeroflex operations will be integrated into Cobham’s Advanced Electronic Solutions and Communications and Connectivity sectors. The scale and complementary nature of this transaction is expected to enable Cobham to unlock significant synergy benefits, generating increased shareholder value, while supporting customers even more effectively.
Cobham will exhibit at the the Association of Unmanned Vehicle Systems Internationals (AUVSI) Unmanned Systems 2014 conference and trade show 13-15 May at the Orange Country Convention Center in Orlando, Florida. Cobham will demonstrate products and technologies engineered to: -- Enable “Sense & Avoid” by unmanned autonomous and remotely piloted aerial vehicles -- Resiliently link control stations and unmanned systems through our antenna solutions -- Ensure cyber- & communications security and resiliency with our robust and encrypted datalinks -- Reduce the size, weight and power (SWaP) consumption of mission critical components-- Protect armed forces, law enforcement & HAZMAT teams through...
BAE Systems has awarded Cobham a 30 month contract to provide air support to operational readiness training for the Royal Saudi Air Force. The contract is part of the Saudi British Defence Cooperation Programme and will run from 2014 to 2016
Cobham will showcase its communication systems and Integrated Surveillance Solutions at Defexpo 2014, 6-9 February at Pragati Maidan, New Delhi. "We are delighted to be attending DEFEXPO, India's largest defence and security exhibition," said Lee Griffiths, Managing Director of Cobham's office in New Delhi
United Kingdom has awarded a five year base contract extension worth £165m to Cobham for operational training, with an anticipated value of some £200m through to 2019. This contract extends the 25 years partnerships between the Royal Navy and Royal Air Force, with Cobham to provide training to service personnel operating platforms including the Eurofighter Typhoon and Type 45 Destroyer
Cobhams Brazilian subsidiary has secured its first major contract to equip State Police helicopters with High Definition (HD) video surveillance downlinks which will be used on helicopters in 12 cities during the 2013 Confederations Cup and the 2014 World Cup. The contract was developed with a local integration partner following the opening of the Cobhams Sao Paulo office in August 2012 and includes both airborne and ground based equipment
Embraer Defense and Security has awarded a contract worth $30 million to develop and supply the auxiliary fuselage fuel tank for the KC-390 tanker aircraft. Cobham's AFFT will enable the aircraft's core mission capabilities, including increased range for search and rescue operations and maximised fuel offload for air-to-air refuelling
Cobham has handed over newly designed quartz radome and in-flight refueling probe to be integrated to Indias Tejas MK-1 Light Combat Aircraft. The much awaited Final Operational Clearance of Indias Tejas Light Combat Aircraft was delayed due to non-supply of newly designed quartz radome and a bolt on inflight refueling probe by Cobham UK in March this year, section of Indian Media reported Wednesday
The Australian Maritime Safety Authority (AMSA) has awarded a new contract to continue its dedicated airborne search and rescue capability when the current contracts expire. Cobham SAR Services Pty Ltd will begin providing a search and rescue service for AMSA from August 2016
Sozvezdie has developed set of communication devices which can endure immersion in water and provide high-quality transmission even with strong interference, according to Ria Novosti. Sozvezdie is a part of the state run Rostec and is based in Voronezh
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