COBHAM has spent much of the past 12 months focusing its activities on its core areas of defence and security, shedding concerns that fall outside those key areas, to great success. "The core businesses, which excludes Analytic Solutions which has now been divested and other smaller businesses yet to be divested, achieved modest organic revenue growth of 0.3 per cent in the year driven by a good performance from Mission Systems and the Aviation Services business," said CEO Andy Stevens. "Revenue from both commercial and rest of the world defence/security markets, representing 56 per cent of core business revenue, grew strongly. As anticipated, revenue growth was constrained by continued uncertainty in the US defence/security market."
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