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MEGGF Meggitt Plc (CE)

8.87
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Meggitt Plc (CE) USOTC:MEGGF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.87 0.00 01:00:00

Meggitt Gets $42.1 Million Contract to Supply Lockheed Martin Ammo Systems

04/08/2015 8:30am

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Meggitt (CE) (USOTC:MEGGF)
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LONDON--U.K.-based aerospace and defense systems company Meggitt PLC (MGGT.LN) Tuesday said its Defense Systems arm won a $42.1 million contract from Lockheed Martin Corp. (LMT) to supply ammunition handling systems for Scout armored vehicles used by the British army.

The systems, designed to rapidly feed 40 mm ammunition rounds into cannons, will be designed and manufactured at Meggitt's facility in Irvine, CA, with delivery running from 2016 to 2021.

The company also said it has been awarded GBP10.2 million in contracts from the U.K. Ministry of Defence to upgrade British Army small-arms training systems called Dismounted Close Combat Trainers.

Write to Ed Ballard at ed.ballard@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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