Cobham Falcon.

Cobham Falcon. Photo Credit: Jerry Gunner.

UK

Cobham: Defence Supplier's Concerns Over £4bn Takeover To Be Examined

Cobham is a major contractor for the Ministry of Defence and US Department of Defense.

Cobham Falcon.

Cobham Falcon. Photo Credit: Jerry Gunner.

Cobham Falcon (Picture: Jerry Gunner).

The Defence Secretary has told the founding family of aerospace and defence firm Cobham the Government will look into its concerns over a £4 billion takeover.

Cobham, which is a major contractor for the Ministry of Defence and US Department of Defense, was founded by Sir Alan Cobham in 1934.

Lady Nadine Cobham wrote to Defence Secretary Ben Wallace and Business Secretary Andrea Leadsom amid growing opposition to the buyout by US private equity firm Advent International.

Mr Wallace has now responded to the intervention, telling the family of the founder that he will "look at" their concerns over the deal and consider the impact on "the security and skills" needed to protect the UK.

The defence supplier employs around 10,000 people, including 1,700 in the UK.

The board of the company recommended shareholders accept the cash offer last month from a US private equity firm Advent International.

The Cobham family has called for the government to intervene, arguing the deal is not in "the UK's national interests". 

Lady Cobham has written to Defence Secretary Ben Wallace and said she was encouraged by the Ministry of Defence's response.