24th Oct 2014 06:13
LONDON (Alliance News) - Cobham PLC Friday said it had won a AUD640 million contract to provide airborne search and rescue services to the Australian Maritime Safety Authority.
The deal runs for 12 years from 2016, and it will start modifying and mobilising aircraft later this year. It said the deal price includes estimated flying charges, and could rise to over AUD700 million if three additional optional years are exercised by the Australian Maritime Safety Authority.
By Steve McGrath; [email protected]; @stevemcgrath1
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