Proactiveinvestors United Kingdom - Aerospace & Defense RSS feed Proactiveinvestors United Kingdom - Aerospace & Defense feed en Sat, 20 Jan 2018 11:26:54 +0000 Genera CMS BAE Systems upgraded to 'buy' by UBS but QinetiQ and Meggitt are hit by downgrades Wed, 10 Jan 2018 13:17:00 +0000 BAE Systems and Qatar sign around £5bn contract for the supply of Typhoon fighter aircraft Mon, 11 Dec 2017 07:37:00 +0000 BAE Systems' shares soar as UK pension funds top-up proves less then expected Thu, 30 Nov 2017 11:00:00 +0000 Cohort increases interest in Portuguese company EID to 80% Mon, 27 Nov 2017 12:15:00 +0000 BAE heads lower as it announces plans to cut almost 2,000 jobs Tue, 10 Oct 2017 15:02:00 +0100 Boeing pumped more than US$130mln into collapsed UK holidays carrier Monarch Airlines, says newspaper Mon, 09 Oct 2017 12:30:00 +0100 BAE Systems set to announce more than 1,000 job cuts Mon, 09 Oct 2017 11:50:00 +0100 Berenberg wings shares in BAE Systems, downgrading the defence contractor's rating to ‘hold’ Tue, 03 Oct 2017 10:37:00 +0100 Northrop Grumman agrees to buy Orbital ATK Inc for US$7.8mln cash Mon, 18 Sep 2017 14:28:00 +0100 Goldman Sachs gives lift to BAE Systems as it adds stock to 'Conviction Buy' list Tue, 15 Aug 2017 12:45:00 +0100 BAE Systems warns on the performance of its Cyber & Intelligence business Wed, 02 Aug 2017 13:55:00 +0100 UBS cuts stance on BAE Systems to reflect more “tempered outlook“ on the UK defence budget Wed, 12 Jul 2017 11:01:00 +0100 BAE Systems dodges bullet as High Court throws out case to block arms sales to Saudi Arabia Mon, 10 Jul 2017 15:00:00 +0100 JPMorgan Cazenove clips BAe System's wings with downgrade to 'neutral' Fri, 23 Jun 2017 10:28:00 +0100 Boeing ups its 20-year industry forecast for passenger and freight planes demand by 4% Tue, 20 Jun 2017 12:19:00 +0100 Goldman Sachs takes BAe Systems off its Conviction List after strong outperformance Tue, 13 Jun 2017 10:58:00 +0100 Better-than-expected balance sheet sees Citi upgrade BAE target price Mon, 27 Feb 2017 10:10:00 +0000 Defence budgets boost to lift BAE Systems in 2017 after solid growth in 2016 profits and revenues Thu, 23 Feb 2017 08:50:00 +0000 Is it time to buy BAE? This Wall Street bank thinks so Wed, 21 Dec 2016 11:59:00 +0000 BAE reiterates guidance; expects more Typhoon orders Thu, 06 Oct 2016 08:19:00 +0100 ABInBev and SABMiller sell Peroni to Japan's Asahi Tue, 19 Apr 2016 16:15:00 +0100 Boeing to cut 4,500 jobs as jet demand slows Wed, 30 Mar 2016 14:56:00 +0100 Astrotech shares more than double on US govt contract Wed, 09 Mar 2016 17:58:00 +0000 Raytheon Company wins $270mln US Navy missile contract Tue, 08 Mar 2016 14:45:00 +0000 Kratos receives $11.2mln order from government agency Tue, 08 Mar 2016 14:21:00 +0000 II-VI ups Anadigics takeover offer to 85 cents a share Mon, 29 Feb 2016 14:41:00 +0000 AB Inbev sales lose fizz as drinkers pick craft beers and cocktails Thu, 25 Feb 2016 10:40:00 +0000 Kratos lands $37mln Air Force contract for unmanned program Mon, 22 Feb 2016 14:17:00 +0000 BAE Systems annual earnings fall but dividend rises Thu, 18 Feb 2016 08:35:00 +0000 Brookfield Asset Management unit buys Colombia’s Isagen for $1.99 bn Wed, 13 Jan 2016 18:01:00 +0000 Chair: Focusrite to expand product range organically and through acquisitions Focusrite plc (LON:TUNE), the group that provides tech products to the music industry, released a solid set of first half results for 2016, with revenue up almost 9% on the previous year to £25.9mln and underlying earnings (EBITDA) rising to £4.8mln.

Phil Dudderidge, chairman and founder of Focusrite, tells Proactive its two established brands - Focusrite and Novation both grew in the first half, with an increase in demand from Asia, particularly South Korea, where people have “woken up to electronic music”.

He also says that he is pleased with the uptake of its Launchpad app, which is a software version of its hardware range, allowing anyone to start creating music.

The focus for this year will be to continue to grow organically, as well as to branch out into other product categories, which can be done organically or through acquisition, with the company “actively looking at businesses that are ripe for acquisition” Dudderidge adds.

Wed, 27 Apr 2016 08:56:00 +0100
Cohort chief presents half-year results Cohort (LON:CHRT), chief executive Andy Thomis, comments on the company’s six month trading performance.

Revenue for the defence specialist climbed 32% to £49.7mln in the half-year to October 31 while adjusted operating profit increased 40% to £3.5mln

Presenting the results, Thomis says Cohort's order book and pipeline, market positions and strong funding position continue to provide confidence for its future prospects.

Mon, 14 Dec 2015 09:55:00 +0000
Focusrite on song after a year on AIM Proactive speaks to Focusrite (LON:TUNE) founder Phil Dudderidge about the company’s music equipment and trading performance since listing on London’s junior market.

The firm is a leader when it comes to making audio interfaces – small electronic boxes which enable amateur and professional musicians to record sounds and transfer them onto a computer.

In the first set of annual results since it floated pre-tax profit was £6.4mln against £5.8mln in 2014, while revenue was £48mln versus £40.9mln previously.

Mon, 14 Dec 2015 07:43:00 +0000
Cohort chief on latest MASS contract and EID acquisition Andy Thomis, chief executive of defence tech specialist Cohort (LON:CHRT) provides more detail on the £3mln contract its subsidiary secured to supply Electronic Warfare Operational Support.

The deal means that Cohort’s MASS unit will help its unnamed export customer protect their military aircraft from threats.

Thomis explains that the deal is immediately earnings enhancing and will add to group revenue this year and beyond.

Meanwhile, the CEO said he expects authorities in Portugal to sign off had asked Cohort’s purchase of Portuguese advanced defence electronics supplier EID by mid-December.

Tue, 13 Oct 2015 14:57:00 +0100
Cohort strengthens armoury with EID deal The chief executive of defence specialist Cohort (LON:CHRT), Andy Thomis, explains why the group has paid €19mln for Portuguese comms specialist Investigação e Desenvolvimento de Electrónica (EID).

“It’s a complementary business which provides tactical communications equipment for armies and navies around the world,” said Thomis. “It has a strong order book, good portfolio of further opportunities and is well placed for further growth.”

Cohort is currently four businesses in one - the largest in terms of profitability is MASS, the high-technology business whose specialities include electronic warfare and electronic security.

SCS is the consultancy business, then there is SEA, which specialises in high-end communications while MCL is an expert in sourcing, design and integration of electronic and surveillance technology.

EID - Cohort's first overseas purchase -  will provide a fifth leg to the business with its specialism in naval, tactical and field communications. 

Wed, 05 Aug 2015 12:55:00 +0100
Cohort chief not ruling out further acquisitions The chief executive of Cohort (LON:CHRT), Andy Thomis, says he is keeping his eyes open for future acquisition opportunities - potentially outside the UK.

The defence technology group today told investors that strong organic growth was boosted by first time contributions from two acquisitions.

Cohort bought the MCL and J+S businesses last year and posted a 40% rise in revenues to just shy of £100mln for 2014, while adjusted pre-tax profit grew 23% to £10.2mln.

Speaking to Proactive, Thomis says he wouldn’t rule out a European acquisition if the target proved a good fit.

Thu, 25 Jun 2015 16:52:00 +0100
Challenger Acquisitions chairman updates on Starneth deal and NY Wheel The executive chairman of Challenger Acquisitions (LON:CHAL), Mark Gustafson, provides an update on the investment vehicle’s reverse takeover of Starneth, a specialist in giant observation wheels.

Having received an injection of capital earlier this month the group has now signed a letter of intent to acquire Starneth, and Gusfaston reckons Challenger’s shares will be readmitted to the London stock market by the end of this summer.

In an exclusive interview, he also provides an update on the latest construction work on the New York Wheel, located on Staten Island, in which Challenger has 2.5% interest.

Fri, 19 Jun 2015 12:12:00 +0100
Challenger Acquisitions boss on maiden investment in New York Wheel Challenger Acquisitions’ (LON:CHAL) Mark Gustafson tells Proactive Investors he plans to build up projects over the long term after making his first investment in the attractions space.

Having received an injection of capital earlier this month, the investment vehicle has paid US$3mln for a 2.46% stake in the upcoming New York Wheel.

Executive chairman Gustafson explains the decision to invest was based on the commercial success of the London Eye and reckons there is a significant pipeline of projects ahead. For now though, the business will focus on funding the reverse takeover of specialist engineer Starneth.

Tue, 26 May 2015 16:13:00 +0100
Cohort CEO sees 'good growth opportunities' across all businesses Andrew Thomis, chief executive of Cohort (LON:CHRT), tells Proactiveinvestors there is growth potential across all four of the company's subsidiaries. The defence technology group has been awarded a multi-million pound follow-up contract from the MOD, and Thomis says whatever the outcome of this May's General Election "defence will remain an important part of UK expenditure."

Cohort aims to grow opportunities in SE Asia where there is 'strong demand' for the company's maritime defence systems, and the Middle East, where Cohort supplies electronic warfare operational support expertise.

Wed, 15 Apr 2015 14:49:00 +0100
Cohort CEO presents half-year results Andrew Thomis, the chief executive of Cohort plc (LON:CHRT), takes investors through the group’s first-half figures.

Mon, 15 Dec 2014 09:30:00 +0000
Cohort looking to boost its organic growth through acquisitions Andrew Thomis, chief executive at AIM-listed Cohort PLC (LON:CHRT) tells Proactiveinvestors the company will be looking to complete acquisitions as part of its growth strategy.

Tue, 01 Jul 2014 10:26:00 +0100
Cohort plc: strong order book, growth in profits and dividends Cohort plc (LON:CHRT) tells Proactiveinvestors that it aims to continue its strategy for growth and maintain a 'strong progressive' dividend. Andy says that the company continues to make good progress on new orders and the expectation is for a 'greater bias' to the second half. ]]> Mon, 30 Sep 2013 09:01:00 +0100