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.
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
-
The common ways you could have invalidated your travel insurance – and how to avoid themIt can be easy to accidentally breach the terms of your travel insurance. We look at the most common ways this can happen, and how you can avoid them.
-
Vietnam Enterprise Investments Limited: Investing in the ascending dragonVietnam’s growth trajectory began in the 1980s and today the country is a manufacturing powerhouse, but the dragon still has further to soar. Vietnam Enterprise Investments Limited offers diversified exposure.
