23rd Apr 2015 06:34
LONDON (Alliance News) - Aerospace and defence manufacturer Cobham PLC on Thursday maintained its full-year guidance, saying that the integration of US communications equipment maker Aeroflex is on track and adding that it anticipates a greater weighting of its earnings to the second half.
Cobham said its trading in 2015 started slowly, with a pick-up seen in March, and added there has been a net modest adverse impact on its earnings from currency translation in the first quarter.
The FTSE 250-listed company said it has made progress on resolving the hardware subsystem issues on its aerial refuelling development programmes and is continuing to work with its customers on the issues.
The group said it anticipates meeting its expectations for the full year, based on current exchange rates.
By Sam Unsted; [email protected]; @SamUAtAlliance
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