British aerospace manufacturer Cobham has seen its share price plummet by 8% after revealing that its sales have suffered this year as a result of delayed US defence contracts.
The Dorset company has a strong presence in global aerospace and defence markets and makes a range of electronic communication devices for military applications. In an interim mangement statement released today, it said that its commercial markets remain “stable, but fragile” and that its Aviation Services Division “has continued to deliver good organic growth.” However,…
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