Originally Posted by
DuckDodgers
Aviation Services was always vulnerable when you look at revenues and operating profit. H1 figures for 2019 were £160MM and £1.2MM respectively, of that 69% was from Aviation Services (Australia). The previous full year figures were £315.1MM and £12MM respectively, again of that some 65% was from Australia. When looked at across the entire Cobham Group, Aviation Services made up only 6% of operating profit.
CAvS have always done well in terms of the bottom line and they have a contract for the next 4 years which, given the current fiscal Armageddon, is quite an attractive aspect.
My limited understanding of this SS QDC is that that capability cannot be swapped in or out. So, just because Draken have bought CAvS it does not mean they can now bring onboard fast air as this would go beyond the current contract which other companies would probably take umbrage with.
As mentioned before, it’ll be really interesting to see where Draken take this. Perhaps they can bring fast jet aggressor platforms to the UK.