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Cobham bites the bullet

Replacing lost defence revenue will be hard work and Cobham faces a real struggle next year as US defence demand contracts
November 13, 2012

Defence contractor Cobham (COB) has given a clearer picture of what the future may bring, and it looks miserable. Like-for-like revenue may be flat in 2012, but the volume of US military and security work will fall sharply next year with an impact on profits.

IC TIP: Hold at 194p