Order and Acquisition
01 Dezembro 2003 - 5:30AM
UK Regulatory
RNS Number:6564S
Cobham PLC
01 December 2003
COBHAM GROUP PLC
Carleton Technologies selected by EDO to supply
Pneumatic Power Module for the JSF
and
Completion of Harrison Acquisition
Carleton: Joint Strike Fighter Power Module Order
Carleton Technologies Inc, a Cobham company based in Orchard Park, New York,
USA, has been selected by the EDO Corporation to be the supplier for the
Pneumatic Power Module for the Joint Strike Fighter (JSF) Suspension and Release
Equipment Programme. The Pneumatic Power Module is a device that stores
pneumatic energy which is then used to release ordnance from the JSF weapons bay
and missile storage racks. Carleton will design, develop, qualify and deliver
this system during the System Demonstration and Development (SDD) Phase. For
the SDD Phase, deliveries of approximately 100 units will begin during CY2004.
Low rate initial production begins in CY2006. The programme will require the
production of more than 15,000 units over some 20 years, with a revenue
potential in excess of US$60 million.
Completion of Harrison Acquisition
Cobham announces that regulatory approvals have now been given for the
acquisition of the business and assets of the Harrison division of the Sierracin
Corporation, located in Burbank, California, first announced on 6 October.
Harrison design and manufactures high pressure fluid connectors for military and
commercial aircraft as well as tooling for aircraft manufactures and providers.
The acquisition has been completed and the final agreed consideration was
US$10.5 million. Harrison will operate as a Cobham Aerospace Systems company
managed by Stanley Aviation based in Denver, Colorado. This acquisition was
funded from existing resources.
Allan Cook, Chief Executive of Cobham said:
"The award of the JSF contract underlines the benefit of Cobham's teaming
approach with major suppliers. Including this order Cobham companies will now
have US$200K worth in each JSF ship set.
"Harrison will enhance Stanley Aviation's market position in fluid distribution
systems and extends Cobham's presence in the US."
1 December 2003
ENQUIRIES:
Cobham plc
Allan Cook, Chief Executive Telephone +44 (0) 1202 882 020
Warren Tucker, Group Financial Director Telephone +44 (0) 1202 882 020
College Hill
Matthew Smallwood Telephone +44 (0) 207 457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
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