DEFENCE company Cobham plc has received its latest instalment of money following the sale of a branch of its business.
Cobham sold its countermeasures business, Wallop Defence Systems, to Esterline Technologies Corporation, for up to £43.75million in March 2006.
After meeting performance targets Esterline has paid Cobham another £5.7million.
Cobham Defence Communications Ltd, part of Cobham plc, is based off Haslingden Road, Blackburn.
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