LONDON (Reuters) - Cobham (L:COB), the struggling British aerospace and defence electronics company, said on Thursday it was reviewing the future of its wireless business, which accounts for 10 percent of revenue, in the next stage of its turnaround plan.
The company, which raised 500 million pounds ($661 million) in a rights issue to shore up its balance sheet in May, reported underlying profit before tax of 69.5 million pounds in the first half, down from 75.8 million pounds a year ago.