Get 40% Off
🤑 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

UPDATE 1-Former Airbus UK chief tapped for senior role at Cobham

Published 2017-09-21, 05:59 p/m
© Reuters.  UPDATE 1-Former Airbus UK chief tapped for senior role at Cobham
COB
-

PARIS, Sept 21 (Reuters) - Former Airbus UK President Paul Kahn is set to be appointed to a top sector position at Cobham Plc COB.L , helping Chief Executive David Lockwood lead a turnaround of the struggling British defence supplier, two industry sources said.

Neither Kahn, who also heads Britain's ADS defence industry lobby, nor the UK company could immediately be reached for comment.

Kahn stepped down as head of Airbus UK in July as part of a corporate shake-up. new appointment is likely to deepen Cobham's focus on defence and aerospace as the group prepares to sell wireless businesses to help overcome a series of profit warnings following a tough 2016. held posts at French defence company Thales in Canada, France and Italy before joining Airbus in 2014.

Cobham, best known for its air-to-air refuelling technology, was forced to carry out two rights issues in the past 18 months to shore up its balance sheet. [nL5N1H51AP

Lockwood, who took over in December, has said Cobham broadly met expectations in the first half, but has work to do in the aerospace and defence sector.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.