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Cobham Helicoper JV Secures Contracts Worth GBP55M
(June 12, 2008) -- Cobham plc ('Cobham') announces that its Cobham Aviation Services joint venture, FB Heliservices (FBH), has secured two contracts for a total value of GBP55m with AgustaWestland and the UK MoD.
The contract with AgustaWestland is for training services in support of AgustaWestland overseas contracts and is based on extended Search and Rescue training at RAF Valley, but will also include Instrument Rating training and Simulator training at RAF Shawbury. The contract will require the acquisition of two AW139 and two A109 helicopters and will commence immediately, completing in 2012.
A new contract has been awarded by the UK MoD to extend the current operation providing three helicopters and associated engineering and logistics support to British Forces Cyprus and the Sovereign Base Areas Administration. The helicopters provide a wide range of services including Search and Rescue, Casualty/Medical Evacuation, Fire Fighting and Passenger/Troop/Freight Carriage and are also used to support overseas training exercises. The new contract will run to 2017 with three option years to 2020 and commences at the conclusion of the existing contract in 2010.
Allan Cook, Cobham's Chief Executive, commented: "We are pleased to have been awarded these contracts, which will further underpin our business to 2017, expand the FB Heliservices' fleet of helicopters to 63 and enhance our Search and Rescue capabilities at a time when the Company is involved in competing for the 25 year SAR-H contract.'"
Source : Cobham plc
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