Citation
(2004), "The Harrison division of the Sierracin Corporation acquired", Aircraft Engineering and Aerospace Technology, Vol. 76 No. 1. https://doi.org/10.1108/aeat.2004.12776aab.026
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited
The Harrison division of the Sierracin Corporation acquired
The Harrison division of the Sierracin Corporation acquired
Cobham plc. announces that it has reached an agreement with Sierracin Corporation to acquire, subject to regulatory approvals, the business and assets of the Harrison Division (Harrison). The agreed consideration is $10.5 million payable in cash, subject to final adjustment at completion and will be funded from the existing cash resources. The acquisition will be managed by Stanley Aviation Corporation, based in Denver, Colorado, USA, a part of Cobham's Aerospace Systems group.
Harrison is headquartered in Burbank, CA, USA, and has a European sales and distribution centre located near Paris, France. It designs and manufactures high pressure fluid connectors for military and commercial aircraft and tooling for aircraft manufacturers and support providers.
Cobham also announces the award of a contract for Infrared Countermeasures Decoys from the United States Navy to FR Countermeasures Inc. (FRC). The total contract value, including options, is $2.125 million. These infrared countermeasures are used on US Navy combat aircraft.
Cobham further announces that FR- HiTEMP, another Cobham Aerospace Systems company, has received orders from Japanese Airlines (JAL) to retrofit fuel pumps for their Boeing 747-400 fleets. These pumps are manufactured at Titchfield, UK.