Eaton, a company that manufactures engineered products for the industrial, vehicle, construction, commercial, and aerospace markets, agreed to acquire Cobham Mission Systems, a manufacturer of air-to-air refueling systems, environmental systems, and actuation primarily for defense markets, for $2.8bn. The acquisition, which is subject to customary closing conditions, 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. We look forward to welcoming CMS to Eaton," Heath Monesmith, Eaton President and COO.