Meggitt squeezes out rivals on Airbus contract
Meggitt, the international aerospace, defence and electronics group, has added another Airbus contract to its portfolio.
Meggitt, the international aerospace, defence and electronics group, has added another Airbus contract to its portfolio.
The group has won the contract to provide the fire detection, control and auxiliary power unit (APU) and engine extinguishing systems for the A320neo programme. Financial details of the contract were not disclosed.
The award follows the integration of Meggitt's established fire detection and control capability with the fire suppression equipment of recently-acquired Pacific Scientific Aerospace business, HTL.
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
"The APU/engine fire extinguishing system on the existing A320 family is shared between two suppliers. Backed by long-standing relationships with this customer and our excellent reputation for on-time delivery and quality, this integration has enabled us to compete for and win a sole source position on this exciting programme," said Dennis Hutton, President of Meggitt Safety Systems.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Wallester Business: Simplify financial workflows with unlimited corporate cards
Make messy expense reports and card sharing chaos a distant memory with Wallester Business, an all-in-one corporate card and expense management platform
-
How to sell a property that floods – ways to avoid a 31% hit to your asking price
Flood risks can knock up to a third off the value of your home when you come to sell but there are ways to soften to blow