Meggitt wins LEAP engine thermal management package
Meggitt, an international company specialising in high performance components and sub-systems for aerospace, defence and energy markets, has been selected to provide a package of thermal management products for certain types of LEAP engine for Snecma (Safran).
Meggitt, an international company specialising in high performance components and sub-systems for aerospace, defence and energy markets, has been selected to provide a package of thermal management products for certain types of LEAP engine for Snecma (Safran).
The $175m deal includes the delivery of fuel oil heat exchangers which perform at extremely high temperatures, helping to optimise engine efficiency and lowering fuel consumption.
The LEAP engine, a high-bypass turbofan engine, will power the Airbus A320neo, Boeing 737MAX and the COMAC C919 aircraft.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Terry Twigger, the Chief Executive of Meggitt, commented: "With Meggitt Sensing Systems' sensor packages, also awarded for all three engine variants, these new contracts for Meggitt Control Systems further enhance our position on this important next generation engine."
The thermal management package will be made in Meggitt's facility in Birmingham, UK, supported by Meggitt's global aftermarket organisation.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Water companies blocked from using customer money to pay “undeserved” bonuses
The regulator has blocked three water companies from using billpayer money to pay £1.5 million in exec bonuses
By Katie Williams Published
-
Will the Bitcoin price hit $100,000?
With Bitcoin prices trading just below $100,000, we explore whether the cryptocurrency can hit the milestone.
By Dan McEvoy Published