17th Apr 2014 08:23
LONDON (Alliance News) - Defence company Cobham PLC Thursday said it had sold the last of its non-core businesses, a small business based in Texas in the US, to the unit's management.
The operation sold makes a range of displays and navigation and safety aids for general aviation customers, mainly within the US.
The deal includes a USD15 million term loan note which is payable to Cobham, the British company said in a statement, without giving any other details about the deal.
Cobham shares were up 0.7% at 292.2 pence Thursday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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