Meggitt Wins Contract To Supply Sensing Systems To Snecma
March 05 2012 - 2:52AM
Dow Jones News
Meggitt PLC (MGGT.LN), an international company specializing in
high performance components and sub-systems for aerospace, defense
and energy, said Monday that Meggitt Sensing Systems has been
selected by Snecma, Safran Group to supply a key package of sensor
products for the LEAP engine.
MAIN FACTS:
-Meggitt estimates that the agreement will generate gross sales
including original equipment, spares and repairs of more than $200
million over the life of these engines.
-The LEAP is an entirely new baseline turbofan engine developed
by CFM International that will power the next generation of
single-aisle commercial jets.
-The agreement covers the LEAP-1A and LEAP-1C versions of the
engine selected to power the Airbus A320neo and Comac C919
respectively.
-Meggitt will supply sensors right across the engine, measuring
vibration, shaft speeds and a range of critical temperatures.
-LEAP engine operators will be supported by Meggitt's global
customer service organization.
-Meggitt shares closed Friday at 400 pence, valuing the company
at GBP3.11 billion.
-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275;
razak.baba@dowjones.com