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Eaton To Acquire Cobham’s Mission Systems Business For $2.8 Billion

Cal Biesecker By
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Eaton To Acquire Cobham’s Mission Systems Business For $2.8 Billion
Air-to-air refueling products and solutions are a significant part of Cobham Mission Systems’ business. Photo: Cobham

Eaton [ETN] on Monday said it has agreed to acquire the Mission Systems business of Britain’s Cobham for $2.8 billion, a deal it said boosts its defense business and adds to its capabilities in fuel and environmental systems. The acquisition is expected to close in the second half of 2021. “Cobham Mission Systems’ highly complementary products and strong position on growing defense platforms will enhance our fuel systems business and position our Aerospace business for future growth,” Heath Monesmith, president…

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