Alert Data News | Business | Companies | UK | Aerospace & Defence

Cobham Plc

Tue, 08 May 2012 08:39:37 +0100

Thrane & Thrane to be acquired - 275m Deal - Turnover 170.6m - 10,700 Employees
Cobham is to acquire communications business Thrane & Thrane after the Danish company accepted a revised offer of 275m for the business. John Devaney is Executive chairman.

Flybe Group Limited

Tue, 08 May 2012 08:12:17 +0100

New jobs - airline expansion - Company Growth
Flybe are expanding their operations at East Midlands International Airport and have announced five more routes and two new aircraft commencing in October 2012.The expansion will create new jobs

Cardiff Aviation Limited

Fri, 04 May 2012 08:08:08 +0100

New 132k sq ft repair centre - 1000 jobs created
Cardiff Aviation has taken a lease on the Welsh Government owned 132,000 sq ft Twin Peaks hangar at St Athan to establish a maintenance repair and overhaul operation. The facilities will also offer training. The company expects to create up to a thousand jobs within 18 months.

Qinetiq Group Plc

Fri, 04 May 2012 08:08:08 +0100

Business expansion - Defence company issues new contract
Defence company Qinetiq, based in Farnborough, Hampshire, has issued a contract to Shropshire based Igloo Vision for a military simulation dome. The new system will consist of a 9 or 12.5 metre geodesic done structure, a rig of 5 projectors, 360 degree panoramic projection screen, surround sound, media players and servers.

Astrium Ltd

Wed, 02 May 2012 08:04:09 +0100

£245m contract secured - New spacecraft to be built
Astrium UK, based in Portsmouth in Hampshire, has been awarded a £245m contract by the European Space Agency. Scientists at the company are to build The Solar orbiter spacecraft, designed to get closer to the sun than ever before. The spacecraft is scheduled for launch in 2017 for a seven year mission and will study the sun in detail and its effects on the solar system.

Global Infrastructure Management Llp

Fri, 27 Apr 2012 09:54:34 +0100

Airport acquired for £807m - Service and product improvements planned
Global Infrastructure Partners (GIP), which owns Gatwick and London City airports, has acquired Edinburgh airport, Scotlands busiest airport, for £807m. GIP is planning to improve products and services at the airport, including speeding up boarding times, initiatiating improved security checks and offering more long haul destinations. Michael McGhee is the GIP partner leading the acquisition.

Cobham Plc

Fri, 27 Apr 2012 08:57:27 +0100

Chief Executive Officer retires - Successor sought - Turnver £980.3m
Cobham plc have appointed Bob Murphy as Chief Executive Officer commencing on 25 June 2012 following the retirement of Andy Stevens. Chairman John Devaney has assumed the position of Executive Chairman until this time.

GKN PLC

Fri, 20 Apr 2012 08:00:23 +0100

Profit up 19% to £142m - Revenue up 17% to £1.74m
Car and plane parts maker GKN posted a 19% rise in first-quarter profit to £142m, driven by a strong performance from its automotive business and acquisitions made in 2011. Revenues rose 17% to £1.74bn. The autos unit reported a 28% rise in profits due to strong growth in luxury car sales.

Cobham Plc

Wed, 18 Apr 2012 08:21:06 +0100

£13m contracts secured - potential new jobs
Dorset-based defence company Cobham has secured £13 of orders in the 2012 first quarter. They will be delivered from the Cobham Antenna Systems site in Leatherhead, Surrey and could create employment opportunities. The division produces communication systems for satellite communications, the military and commercial aircraft. 2010: turnover £1.9bn; 11,636 employees.

Umeco Plc

Tue, 17 Apr 2012 10:55:49 +0100

274m business acquisition - Revenue of 207m
Composite materials supplier Umeco has been acquired by chemicals and materials company Cytec for 274m. Cytec is owned by US group Cytec Industries which backed the acquisition. Umeco reported revenues of 207m in the year to 31 March 2011. Neil Johnson is the non-executive chairman.