Increased orders provide extra visibility for Cobham

Reporting on the company’s 2008 performance, chief executive Allan Cook said it had achieved “another set of strong results”, with double digit revenue in a challenging economic environment. “These results reflect our strategy of focusing on high growth markets and our continuing commitment to invest in distinctive technologies that can be applied across a broad range of programmes,” he said. "Our core military and government markets remain robust, despite the more challenging economic environment. We see exciting opportunities for organic growth and benefits from the US$1.2bn of acquisitions completed in the year. The long term visibility provided by our £2.7bn order book and the resilient nature of our core customer base gives the Board confidence of achieving further progress in 2009." Total revenue for the year was 38% up at £1.5 billion (2007: £1.1bn) while underlying pre-tax profit headed 18% north to £244 million (£207m).