Cobham plc announces that it has entered into a conditional agreement to acquire Aeroflex Holding Corp. ("Aeroflex") for $10.50 per Aeroflex share in cash following completion, giving the proposed transaction an enterprise value of approximately $1,460m (£869m).
TRAK Microwave is pleased to announce the appointment of David Moorehouse as president and general manager effective July 15, 2013. In his new role, Moorehousewill be leading the TRAK Microwave business, inclusive of the Lorch site in Salisbury, Maryland, and TRAK Microwave Ltd in Dundee, Scotland, as well as his home facility in Tampa, Florida.
Surveillance technology is now even more compact with the launch of Cobham’s ultra small COFDM transmitter, the SOLO7 Nano Transmitter (Nano Tx), designed specifically for specialist video installations and body-worn applications. The same proven and trusted technology featured in Cobham’s range of larger COFDM transmitters has been packed into a tiny transmitter measuring only 58mm x 38mm x 17mm and weighing just 51g.
Cobham’s Brazilian subsidiary has secured its first major contract in Brazil 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 Cobham’s Sao Paulo office in August 2012 and includes both airborne and ground based equipment.
Cobham has been awarded a $31.7 million contract from the U.S. Navy’s Naval Air Systems Command (NAVAIR) to manufacture the AN/ALQ-99 Low Band Transmitter-Antenna Group for Navy and Marine Corps EA-6B and EA-18G electronic warfare aircraft. The contract funds the sixth full-rate production lot, and includes the first installment of two-part procurement for a Foreign Military Sale (FMS) to undisclosed customers.
Cobham has reached agreement with the Australian Customs and Border Protection Service to extend the existing Sentinel aerial maritime surveillance contract by 2 years. This £105M contract extension secures the contract until the end of 2021.
Cobham plc has established a new strategic business unit (SBU) – Cobham SATCOM – that combines all of the Group’s satellite communications businesses into one organisation, following the successful acquisition and integration of Danish satcom company Thrane & Thrane earlier this year. Thrane & Thrane will trade as Cobham SATCOM from November 2012, and will form the core of the new SBU.