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Share Name | Share Symbol | Market | Type |
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Columbia Laboratories | AMEX:COB | AMEX | Ordinary Share |
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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 END MSCUWSBROARAUAA
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