Cobham brings second rights issue since June

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Follow-ons and Rights issues

Cobham brings second rights issue since June

Aidan Gregory
March 02, 2017 03:00 pm
Cobham_F35_PA_230x150
File photo dated 08/07/2016 of a Lockheed Martin F-35 Lightning II which uses over 100 Cobham components, as the struggling aerospace and defence firm issued another profits warning after revealing that it would book a mammoth £574 million writedown and take a £150 million hit from a US military contract. | Chris Radburn/PA Wire/PA Images

Shares in Cobham, the troubled UK aerospace and marine technology company, closed 13% higher on Thursday after the company unveiled its 2016 results and a turnround plan involving a second £500m rights issue in nine months, to strengthen its balance sheet.

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