I was interested to see that this is a core holding amongst my fellow Stockopedes. What gives? I don't know much about it but I assume that its appeal stems from assumed resilience given the fact that it has a large defence-related orderbook. All I know so far is:
- Based in Dorset, Cobham is the world's largest manufacturer of mid-air refuelling rigs for aircraft.
- At its half-year results in August, Cobham reported a 24% rise in pre-tax profits to £84m and predicted it would beat its own revenue growth targets.
- The order book rose £300m to £2.5bn at the end of the third quarter, boosted by new contracts from the US Navy.
- Much of Cobham's order book is defence related, although in August it won a $200m contract to supply systems to Airbus A350.
Looks pretty interesting - anything else to be aware of?
