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Business/Financial

Eaton Closes $2.8 Billion Deal For Cobham Mission Systems

By Cal Biesecker

Tuesday, June 1st, 2021

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Eaton Closes $2.8 Billion Deal For Cobham Mission Systems

Air-to-air refueling products and solutions are a significant part of Cobham Mission Systems' business. Photo: Cobham

Eaton [ETN] on Tuesday said it has completed its $2.8 billion acquisition of Cobham Mission Systems from the private equity firm Advent International, expanding its defense business and its offerings in fuel and environmental systems. “This acquisition, along with our prior acquisition of Souriau-Sunbank, positions our Aerospace business well for the future,” Heath Monesmith, president and chief operating officer of Eaton, said in a statement. “These are just two examples of ways we are positioning Eaton’s portfolio for higher growth,…

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