Cobham Closes Litton Life Support Acquisition 19 August 2003 Further to the announcement made on 28 May 2003, Cobham plc confirms that it has now completed the acquisition of the business and assets of Northrop Grumman's Litton Life Support unit ('Life Support'). The agreed consideration of $73 million has been paid in cash, subject to final adjustment, and has been funded from Cobham's existing cash resources. Life Support, located in Davenport, Iowa, designs and manufactures air separation systems for military and commercial aircraft, medical and industrial applications and is a leader in the application of gas separation technology and the design of cryogenic coolers. Its turnover in the financial year ended 31 December 2002 was $43.7 million, earning pre-tax profits of $9.8 million and it had net assets as of 30 April 2003 of $11.6 million. Racal Antennas Chelton has acquired 100% of the shares in Thales Antennas from Thales PLC for £6 million cash. The company will now trade under its previous name of Racal Antennas Limited and will target growth in its traditional defence marketplace. Racal Antennas has a long legacy of supplying land and vehicular communications antennas and masts to the British and overseas armies. It is the selected supplier of such equipment to General Dynamics UK for the UK's Bowman radio programme. Enquiries: Cobham plc Tel: +44 1202 882020 - Allan Cook, Chief Exec. -- Warren Tucker, Group Financial Director BNP Paribas: Nicholas Beatty, Director Tel: +44 20 7595 6703 -- Jean-Paul Ange, Director Tel: +1 212 841 3329 College Hill: Matthew Smallwood Tel: +44 20 7457 2020 This information is provided by RNS. The company news service from the London Stock Exchange
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