Meggitt PLC Contract Award (5260L)

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RNS Number : 5260L

Meggitt PLC

20 April 2018

20 April 2018

Meggitt PLC

Meggitt secures long term supply agreement with Solar Turbines

Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, announces that it has secured a long term agreement with Solar Turbines.

Under this 5 year agreement, which includes aftermarket support, Meggitt Control Systems will continue to supply electric valves and actuators for multiple engine programmes.

Meggitt has collaborated with and supplied Solar Turbines with gas and liquid valves for over 20 years, developing differentiated and innovative technologies including market leading actuator and High Force Gas Valve ("HFG") designs.

Dennis Hutton, President Meggitt Control Systems said:

"Meggitt is delighted to be extending its partnership with Solar Turbines through this 5 year agreement. This agreement underscores our ongoing commitment to developing world leading technologies to support our customers in the energy and oil and gas sector"

 
 Enquiries 
 
                                         [phone] 
 Meggitt PLC                              597 
 Adrian Bunn, Vice President Strategy 
  and Investor Relations 
 
                                         [phone] 
 FTI Consulting                           1000 
 Deborah Scott, Senior Managing 
  Director 
 Nick Hasell, Managing Director 
 

Cautionary statement

This trading update, including information included or incorporated by reference in this trading update, may contain forward-looking statements concerning Meggitt PLC or its group. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. Such forward-looking statements involve risks, uncertainties and other important factors which could cause the actual results, performance or achievements of the Meggitt group or the market and economies in which the Meggitt group operates to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the ability of Meggitt PLC or its directors to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements, which speak only as at the date of this trading update. Neither Meggitt PLC, nor any of its group undertakings, nor the directors of any of them, assumes any obligations to, and do not intend to, update these forward-looking statements, except as required pursuant to applicable law.

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April 20, 2018 02:00 ET (06:00 GMT)