Cobham Returned to the Black in First Half, Announced Strategic Review of Nonmoaty Assets
After a string of profit warnings and another painful capital-raising in 2017, Cobham reported operating profit of GBP 34.7 million in first-half 2017, versus an operating loss of GBP 12 million in the year-ago period. Although restoring profitability is a significant step forward with the turnaround of the troubled Cobham, it is clearly not out of the woods. The statutory profit largely stemmed from lower charges for nonunderlying items like amortisation of intangible assets (GBP 72.4 million i...Cobham provides technologies and services across its defense, aerospace and space markets. Co. has four sectors: Communications and Connectivity, which provides equipment and solutions to enable connectivity across a range of environments in aerospace, avionics, satellite and radio, wireless and mobile connectivity markets; Mission Systems, which provides safety and survival systems, aerial refueling systems and wing-tip to wing-tip mission systems; Advanced Electronic Solutions, which provides solutions for communication on land, sea, in the air and in space through off-the-shelf and customized products; and Aviation Services, which provides outsourced aviation services.
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