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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.

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.

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.

Airbus UK Ltd

Tue, 17 Apr 2012 08:27:01 +0100

327m Indonesian order - jobs safeguarded
Airbus UK has secured a 327m order for 11 A330 planes from Indonesian airline Garuda. The contract safeguards thousands of jobs at a design facility near Bristol and manufacturing plant in Broughton in north Wales. Work has also started to build 12 Airbus A380s for British Airways. 2010: turnover 2.4bn; 7,974 employees.

Thomson Aero. Ltd

Fri, 13 Apr 2012 08:46:32 +0100

Business aquired - 60 jobs saved
Engineering company MB Aerospace has aquired Thomson Aero of Somerset from the administrator for an undisclosed sum. The company, which makes components for gas turbines, employs 60 staff. MB Aerospace now employs 450 at facilities in Burnley and Derby. Craig Gallagher is the chief executive.

Cobham Plc

Thu, 12 Apr 2012 17:00:02 +0100

Offer for acquisition of shares in Thrane & Thrane withdrawn
Manufacturing company Cobham plc, based in Wimborne Minster, Dorset, has withdrawn its proposal to the Board of Thrane & Thrane A/S regarding a possible recommended offer for Thrane & Thrane at a price of DKK420 per share in cash, as the Board of Thrane & Thrane felt unable to recommend its proposal. Julian Wais is Director of Investor Relations.