Meggitt wins trio of contracts
Meggitt, the engineering group specialising in 'extreme environment' components, announced three mammoth contracts on Monday morning.
Meggitt, the engineering group specialising in 'extreme environment' components, announced three mammoth contracts on Monday morning.
The first is a deal to provide components for seven Hamilton Sundstrand thermal management packages on Pratt & Whitney PurePower geared turbofan engines, which will power aircraft such as the new Bombardier C-Series regional jet, Mitsubishi Regional Jet and Airbus A320neo aircraft.
Meggitt expects this to be worth around $1bn over the lifetime of the engine and aircraft programmes.
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
"These contract wins are on highly innovative engines for equally innovative aircraft, attracting multiple orders.We look forward to working with Hamilton Sundstrand and Pratt & Whitney on these programmes which could last up to 40 years," according to Meggitt's Chief Executive Officer Terry Twigger.
The company has also been selected by Snecma (a subsidiary of French conglomerate Safran) to supply sensor products for the LEAP engine, a new baseline turbofan engine that will power the next generation of single-aisle commercial jets. This agreement will generate gross sales of more than $200m over the life of these engines.
The third contract is with planes and trains giant Bombardier and will see Meggitt provide its fire protection system for the Global 7000 and Global 8000 business jets. No financial information was regarding this contract.
Meggitt's shares have performed well over the last few months, gaining over 10% in the year-to-date. The stock reached its current 52-week high of 400.1p on Friday.
BC
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.
-
Michelin Key Hotels 2025: the top destinations in the world
The Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz