Cobham acquires defence-imaging company RVision

Aerospace and defence supplier Cobham has reached an agreement to acquire the share capital of the privately owned RVision, a manufacturer of electro-optical and infrared imaging systems such as tactical cameras, for $28m (£18m) payable in cash on completion.

Additional cash consideration of up to $20m is payable between 2012 and 2014, contingent on future performance.