Cobham has made three large acquisitions in the last year, significantly increasing its exposure to US defence spending in the growth area of digital battlefield communications subsystems and components. The company is also benefiting from booming government investment in airport and border surveillance systems. Management continues to implement a strategy of divesting non-core assets and building on market-leading positions in niches with high barriers to entry. With only 13% of its revenues derived from the UK, sterling weakness should also provide a tailwind for growth.
| Sedol |
Type |
Price |
Date |
| B07KD36 |
Buy |
£ 2.198 |
02/05/2008 | |
