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
-
Will fintechs change the way you invest?: MoneyWeek TalksPodcast MoneyWeek's digital editor, Kalpana Fitzpatrick, speaks to Revolut Trading CEO Yana Shkrebenkova about how fintechs are changing the way people approach investing.
-
Six steps business owners should consider before April inheritance tax relief changeNew limits to inheritance tax-free allowances are coming in from the Spring that affect business owners. Those looking to sell or transfer their assets into a trust before the changes need to act now
