# Cobham plc Board’s expectations for 2018 remain unchanged

- Link: https://www.directorstalkinterviews.com/cobham-plc-boards-expectations-for-2018-remain-unchanged/412761326
- Published: 2018-11-14T07:49:53+00:00
- Author: Charlotte Edwards

**Cobham plc** (LON:COB) today issued a trading update covering the period 1 January
2018 to the end of October 2018.

The Group’s performance in the first ten months of the year has been as expected.
Cobham continues to make progress in executing its turnaround programme. At a Sector
level, underlying operating profit* in Mission Systems and Communications and Connectivity
has been stronger than in the prior year, which offsets weaker performances in Advanced
Electronic Solutions and Aviation Services.

Overall, the Board’s expectations for the full year 2018 remain unchanged from those
set out in the Interim Results on 3 August 2018. As in prior years, there remains
significant trading activity in the final two months of the year.

On the KC-46 progamme, Cobham had delivered a total of 18 production standard Centerline
Drogue Systems by the end of October. Qualification of the Wing Aerial Refuelling
Pods remains in its early stages with risks relating to schedule and cost. Discussions
with Boeing have continued regarding its unquantified damages assertions and payment
withhold.

Cobham is holding a Capital Markets Day in London on the morning of 28 November 
2018, focusing on the Mission Systems Sector.

The Group’s preliminary results for the year ended 31 December 2018 will be announced
on 7 March 2019.

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