26th Feb 2009 07:00
26 February 2009
Ref: 0273
COBHAM SECURES RESOURCE INDUSTRY CONTRACTS WORTH AUD$90M
Cobham plc ('Cobham') announces that its Cobham Aviation Services business in Australia, has been awarded two mining industry contracts worth a total of AUD$90 million.
In Western Australia, a four year UD$50 million contract extension has been agreed with HWE Mining to provide air services to Yandi and Mining Area C in the Pilbara, with the services upgraded to a BAE 146 300 Series aircraft.
A AUD$40 million contract extension has been secured with Perth-based Minara Resources Limited to fly personnel to the Murrin Murrin nickel and cobalt mine in Outback Western Australia. The route will be serviced by a BAE 146 200 Series aircraft and the contract will run to 2013, with an option for another two years.
The contracts follow the receipt of a $50 million contract extension in late 2008 with the OK Tedi copper and gold mine in Papua New Guinea and the introduction of a new service to the WA gold and nickel town of Kambalda.
Allan Cook, Cobham's Chief Executive, commented:
"In the last six months, we have secured some AUD$140m of resource industry contracts which has further strengthened our position in the Australian market."
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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/James White +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 12,000 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 globally. It operates the largest civil maritime surveillance contract in the world, covering more than 37,000 km of coastline and trains all UK helicopter pilots for the Navy, Air Force and Army. The Division 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 MR2, R1 and Sentry E3-D fleets. The Division has responsibility for overseeing Cobham's involvement in the Future Strategic Tanker Aircraft (FSTA) programme.
Cobham Aviation Services Australia is the largest provider of contracted air services in Australia. It operates a combined fleet of 42 aircraft throughout Australasia and employs more than 1,100 people. Cobham operations include 'fly in, fly out' (FIFO) personnel transport services for resource companies, airline services for Qantas regional subsidiary QantasLink and high-capacity scheduled air freight services for express freight provider Australian air Express.
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