Cobham dives as he warns of a fresh hit for the contract air tanker

Defence manufacturer Cobham has warned of further problems with dressing the set for the U.S. air force air tankers, resulting in a £400m hit to its market value.

The company’s shares fell 10pc after he said that Boeing – where the rolling development of KC-46 tanker is a retention payment for work in Cobham on the program.

Cobham used a trading update to say that the filling systems are constructed on the basis of the KC-46 fuselage was completed now from work to get it certified by the regulatory authorities. A similar system is installed on the KC-46 wingtips also come ready for testing.

However, Cobham said that despite the “progress” under the contract, Boeing did…

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