12th Jun 2008 07:00
12 June 2008
COBHAM HELICOPER JOINT VENTURE SECURES CONTRACTS WORTH £55M
The contract with AgustaWestland is for training services in support of AgustaWestland overseas contracts and is based on extended Search and Rescue training at RAF Valley, but will also include Instrument Rating training and Simulator training at RAF Shawbury. The contract will require the acquisition of two AW139 and two A109 helicopters and will commence immediately, completing in 2012.
A new contract has been awarded by the UK MoD to extend the current operation providing three helicopters and associated engineering and logistics support to British Forces Cyprus and the Sovereign Base Areas Administration. The helicopters provide a wide range of services including Search and Rescue, Casualty/Medical Evacuation, Fire Fighting and Passenger/Troop/Freight Carriage and are also used to support overseas training exercises. The new contract will run to 2017 with three option years to 2020 and commences at the conclusion of the existing contract in 2010.
Allan Cook, Cobham's Chief Executive, commented:
"We are pleased to have been awarded these contracts, which will further underpin our business to 2017, expand the FB Heliservices' fleet of helicopters to 63 and enhance our Search and Rescue capabilities at a time when the Company is involved in competing for the 25 year SAR-H contract.'"
ENQUIRIES
Cobham plc
Allan Cook, Chief Executive +44 (0)1202 882020
Warren Tucker, Chief Financial Officer +44 (0)1202 882020
Julian Wais, Director of Investor Relations +44 (0)1202 857998
Julian Hellebrand, Group Director of Communications +44 (0)1202 857651
Weber Shandwick Financial
Susan Ellis/Louise Robson +44 (0)20 7067 0700
NOTES
Cobham's products and services have been at the heart of sophisticated military and civil systems for more than 70 years, keeping people safe, improving communications and enhancing the capability of land, sea, air and space platforms. The Company has four divisions employing more than 10,000 people on five continents, with customers and partners in over 100 countries, and annual revenues of more than £1bn.
Cobham Aviation Services operates more than 150 fixed and rotary wing aircraft around the world. It operates the largest civil maritime surveillance contract in the world, covering more than 37,000km of coastline, and trains all UK helicopter pilots for the Navy, Air Force and Army. The group provides modern battlespace air warfare training and essential flight inspection services for civil and military airports in the UK, Europe and beyond. It also specialises in the conversion and support of a wide range of civil and military platforms including the Nimrod MRA2, R1 and Sentry E3-D fleets, and operates a fleet of aircraft providing passenger and freight services.
FB Heliservices (FBH) is a joint venture between Bristow and aerospace and defence specialist, Cobham plc. FBH provides all the helicopters for the Defence Helicopter Flying School and trains more than 220 aircrew each year for the RAF, Royal Navy and Army in the UK, Belize and Brunei. It also provides a search and rescue capability in Cyprus and search and rescue training at RAF Valley in North Wales.
Bristow Helicopters is a part of the Bristow Group. The Bristow Group employs over 4,000 staff across the world and, with its affiliated companies, has a fleet of over 550 helicopters making the Group one of the largest providers of helicopter transportation services. Its mission is to provide the safest and most efficient helicopter transportation, maintenance, search and rescue and aviation support to its customers around the world. Bristow is a leading provider of helicopter transportation services to the worldwide offshore oil and gas industry with major operations in the U.S. Gulf of Mexico and the North Sea. Bristow Helicopters also has operations in all of the other major offshore oil and gas producing regions of the world including Alaska, Australia, Brazil, China, Mexico, Nigeria, Russia and Trinidad.
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