FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo
February 19, 2019
LONDON (Reuters) – British engineer Cobham said on Tuesday it would take an additional exceptional charge of 160 million pounds ($206 million) in relation to a dispute with Boeing over an aerial refueling program.
Cobham, Britain’s third biggest defense and aerospace group after Rolls-Royce and BAE Systems, said the charge comprised 86 million pounds relating to the settlement of the above dispute and 74 million pounds relating to additional costs to complete the retained KC-46 contract.
The group had already taken a 40 million pound charge on the dispute in July 2018.
(Reporting by Kate Holton; Editing by Alistair Smout)
Source: OANN
