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Cobham PLC

  • Friday, 14 July, 2023
    Investments
    Investors should seek smarts on sums of the parts

    Shareholders in Cobham may be irked by this week’s break-up

    A Falcon 20EW operated by Cobham Aviation Services
  • Thursday, 23 June, 2022
    Mergers & Acquisitions
    UK ‘minded to accept’ conditions on £2.6bn deal for defence specialist Ultra

    Cobham’s bid to take over rival moves a step closer to approval during consultation into security concerns

  • Sunday, 22 August, 2021
    UK industrial strategy
    Decision time for Britain on sale of key defence assets

    Planned takeover of Ultra by a US private equity firm will be a key test of Boris Johnson’s industrial policy

    HMS Vigilant, one of four Vanguard -class submarines that is armed with Trident
  • Sunday, 22 August, 2021
    Aerospace & Defence
    The FT View. The UK’s piecemeal approach to foreign bids

    The referral of Cobham’s bid for Ultra will be a bellwether

    The editorial board
  • Monday, 16 August, 2021
    Mergers & Acquisitions
    UK government must play defence on Ultra takeover

    US-owned Cobham’s move to buy MoD tech supplier is test of Britain’s new security regime

    Helen Thomas
    A Cobham Aerospace air-to-air refuelling operation
  • Monday, 26 July, 2021
    Mergers & Acquisitions
    UK signals it may intervene in Cobham’s pursuit of Ultra

    Government taking ‘active interest’ in proposed merger on national security concerns

    An F35 Lightning II aircraft
  • Friday, 23 July, 2021
    Aerospace & Defence
    Lex. Ultra/Cobham: defence deal may merit torpedoing

    Takeover move should set UK government’s early warning systems pinging

    Premium content
    A submarine
  • Friday, 23 July, 2021
    UK defence industry
    UK defence group Cobham launches £2.6bn bid for rival Ultra Electronics

    Engineering supplier’s shares surge as private equity-backed group makes cash offer

    An RAF Typhoon aircraft in Scotland
  • Monday, 5 July, 2021
    Aerospace & Defence
    Rapid break-up of Cobham fuels debate over private equity in UK

    Advent’s disposals shrink defence stalwart’s British footprint amid alarm over power of buyout groups

  • Friday, 25 June, 2021
    Aerospace & Defence
    Cobham sets sights on UK rival Ultra Electronics

    Private equity-backed aerospace group adds to wave of interest from buyout firms in UK companies

  • Tuesday, 8 December, 2020
    Telecoms
    Axell Wireless goes into administration

    British antenna systems specialist collapses months after being spun out from Cobham

  • Tuesday, 19 November, 2019
    TSB Banking Group PLC
    Twitter proves test of character for challenger banks like TSB

    Lender’s board member claims last year’s IT glitch was ‘amplified’ by social media

    Matthew Vincent
    epa06696751 A sign is displayed outside a branch of the TSB bank in London Britain, 27 April 2018. TSB bank has IT problems for a fifth consecutive day after a failure of migration to a new IT system for internet banking system. The bank's customers are locked out of their online accounts, causing uncertainty for those with end-of-month bills to pay.  EPA/NEIL HALL
  • Tuesday, 19 November, 2019
    Aerospace & Defence
    UK government set to approve Cobham takeover by Advent

    Ruling follows 3-week inquiry into deal’s national security implications

    Mandatory Credit: Photo by ROB ENGELAAR/EPA-EFE/Shutterstock (10310529g) The first Dutch F-35, (Joint Strike Fighter) in action during the Air Force Days 2019 at airbase Volkel, the Netherlands, 14 June 2019. During this event, the public can become acquainted with the people and resources of the Royal Netherlands Air Force and the way in which they are used worldwide. Dutch Air Force Days at air base Volkel, Netherlands - 14 Jun 2019
  • Friday, 20 September, 2019
    Geopolitics
    Countries must wake up to business security risks

    The US and EU have already beefed up their scrutiny of corporate takeovers

    John Sawers
    T92GAK G-FRAR, a Dassault Falcon 20DC operated by Cobham Aviation Services, departing Prestwick for a sortie during Exercise Joint Warrior 19-1.
  • Friday, 20 September, 2019
    UK economy
    UK plans more liberal takeover regime after Brexit

    Opportunity perceived for more open approach to overseas purchases of assets

  • Thursday, 19 September, 2019
    Due Diligence
    US + UK M&A: the march of the national security reviews

    Welcome to Due Diligence, the FT’s daily deals briefing

    Premium content
  • Wednesday, 18 September, 2019
    UK defence industry
    Why Cobham takeover may prompt national security concerns

    UK company pioneered air refuelling technology and has trained Britain’s military pilots

    Nearly all western fast jets use Cobham's refuelling systems
  • Wednesday, 18 September, 2019
    Aerospace & Defence
    UK government intervenes in Cobham’s £4bn takeover

    Competition and Markets Authority to review offer from US private equity firm

    File photo dated 08/07/2016 of a Lockheed Martin F-35 Lightning II which uses over 100 Cobham components, as the struggling aerospace and defence firm issued another profits warning after revealing that it would book a mammoth £574 million writedown and take a £150 million hit from a US military contract. PRESS ASSOCIATION Photo. Issue date: Thursday February 16, 2017. The writedown includes costs linked to its acquisition of Aeroflex in 2014 and the group said delays and an "onerous commercial arrangement" for its KC-46 air-to-air refuelling tanker have resulted in soaring costs for the project. See PA story CITY Cobham. Photo credit should read: Chris Radburn/PA Wire
  • Tuesday, 17 September, 2019
    Aerospace & Defence
    Cobham’s £4bn takeover shows money can trump sovereignty

    For investors, Advent’s deal captures a recovery potential that the market price may never

    Matthew Vincent
    Cobham pioneered air-to-air refuelling technology that is used on every western fast jet
  • Monday, 16 September, 2019
    Aerospace & Defence
    Cobham chief’s future in doubt as investors approve takeover

    Advent offer backed by 93% of investor votes despite founding family’s opposition

    Nearly all western fast jets use Cobham's refuelling systems
  • Friday, 13 September, 2019
    Aerospace & Defence
    Advent International is poised to win over Cobham investors

    Shareholders shift to support private equity offer as no rival bidder emerges

    Cobham is best known for its pioneering air-to-air refuelling technology
  • Tuesday, 10 September, 2019
    Aerospace & Defence
    Cobham shareholder to vote against £4bn takeover

    Sanderson Asset Management shows hand a week before investors vote on Advent offer

    Cobham is best known for its pioneering air-to-air refuelling technology
  • Wednesday, 4 September, 2019
    Aerospace & Defence
    Cobham should have worked harder to avoid Advent’s talons

    UK group has not been easy investment with a history of profit warnings and contract disputes

    Kate Burgess
    Nearly all western fast jets use Cobham's refuelling systems
  • Wednesday, 4 September, 2019
    US companies
    Cobham family steps up fight to block takeover of aerospace group

    Lady Cobham urges vote against Advent bid as government seeks economic undertakings

    File photo dated 08/07/2016 of a Lockheed Martin F-35 Lightning II which uses over 100 Cobham components, as the struggling aerospace and defence firm issued another profits warning after revealing that it would book a mammoth £574 million writedown and take a £150 million hit from a US military contract. PRESS ASSOCIATION Photo. Issue date: Thursday February 16, 2017. The writedown includes costs linked to its acquisition of Aeroflex in 2014 and the group said delays and an "onerous commercial arrangement" for its KC-46 air-to-air refuelling tanker have resulted in soaring costs for the project. See PA story CITY Cobham. Photo credit should read: Chris Radburn/PA Wire
  • Wednesday, 21 August, 2019
    Aerospace & Defence
    Banks and advisers to land £200m in fees on Cobham sale

    Bulk of charges relate to debt financing on £4bn deal for UK defence group

    File photo dated 08/07/2016 of a Lockheed Martin F-35 Lightning II which uses over 100 Cobham components, as the struggling aerospace and defence firm issued another profits warning after revealing that it would book a mammoth £574 million writedown and take a £150 million hit from a US military contract. PRESS ASSOCIATION Photo. Issue date: Thursday February 16, 2017. The writedown includes costs linked to its acquisition of Aeroflex in 2014 and the group said delays and an "onerous commercial arrangement" for its KC-46 air-to-air refuelling tanker have resulted in soaring costs for the project. See PA story CITY Cobham. Photo credit should read: Chris Radburn/PA Wire
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