Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Cobham plc    COB   GB00B07KD360

COBHAM PLC

(COB)
  Report  
Real-time Quote. Real-time CHI-X - 10/16 11:30:00 am
156.425 GBp   +0.27%
07:33aCOBHAM : Form 8.5 (EPT/RI) - 2nd Amendment
PU
06:33aCOBHAM : Form 8.5 (EPT/RI)
PU
06:33aCOBHAM : Form 8.5 (EPT/RI)- Cobham plc
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Cobham Settles Air-Force Tanker Dispute With Boeing, Takes GBP160 Million Charge

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/19/2019 | 02:37am EDT

By Adam Clark

Cobham said Tuesday that it has reached a settlement with Boeing over the KC-46 aircraft-refueling tanker program, which will lead the London-listed engineering company to take a 160 million pounds ($206.7 million) charge in its 2018 results.

Cobham said it has agreed to pay Boeing GBP86 million to settle the U.S. company's damages claims over the U.S. Air Force program. The agreement resets the schedule for the wing aerial refueling pod-qualification program, which is now expected to complete around the middle of 2020.

Boeing has agreed to release payments that it was previously withholding against Cobham invoices. Cobham said it will offset the damages against invoices worth GBP37 million, meaning it will make a GBP49 million payment in the first half of 2019.

Cobham said the "stringent" terms of the original KC-46 remain in place. The company has therefore also taken a non-underlying charge of GBP74 million in relation to the retained contract risks and the costs of the revised schedule, in addition to the GBP40 million charge it took last July.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 0.40% 372.43 Delayed Quote.15.71%
BOEING COMPANY (THE) 5.97% 374.125 Delayed Quote.16.56%
COBHAM PLC 0.32% 156.5 Delayed Quote.59.64%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COBHAM PLC
07:33aCOBHAM : Form 8.5 (EPT/RI) - 2nd Amendment
PU
06:33aCOBHAM : Form 8.5 (EPT/RI) Cobham Plc
PU
06:33aCOBHAM : Form 8.5 (EPT/RI)
PU
06:33aCOBHAM : Form 8.5 (EPT/RI)- Cobham plc
PU
06:33aCOBHAM : Form 8.5 (EPT/NON-RI)
PU
05:18aCOBHAM : Form 8.3 - Cobham plc
PU
10/15COBHAM : Form 8.5 (EPT/RI)- Cobham plc AMENDMENT
PU
10/15COBHAM PLC - FORM 8.3 - THE VANGUARD : Cobham plc
PU
10/15COBHAM : Form 8.3 -
PU
10/15COBHAM : Form 8.5 (EPT/NON-RI) Cobham Plc
PU
More news
Financials (GBP)
Sales 2019 1 984 M
EBIT 2019 228 M
Net income 2019 94,3 M
Debt 2019 134 M
Yield 2019 0,64%
P/E ratio 2019 42,6x
P/E ratio 2020 29,7x
EV / Sales2019 1,95x
EV / Sales2020 1,82x
Capitalization 3 729 M
Chart COBHAM PLC
Duration : Period :
Cobham plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COBHAM PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 162,55  GBp
Last Close Price 1,57  GBp
Spread / Highest target 10 763%
Spread / Average Target 10 286%
Spread / Lowest Target 8 910%
EPS Revisions
Managers
NameTitle
David C. Lockwood Chief Executive Officer & Executive Director
Jamie Robert Provan Pike Chairman
Chris Shaw Chief Operations Officer
David Anthony Mellors Chief Financial Officer & Executive Director
Alison J. Wood Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
COBHAM PLC59.64%4 736
UNITED TECHNOLOGIES CORPORATION27.86%116 231
LOCKHEED MARTIN CORPORATION46.12%108 088
NORTHROP GRUMMAN CORPORATION47.79%61 240
RAYTHEON30.05%55 538
GENERAL DYNAMICS CORPORATION13.94%51 422