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United Kingdom

Meggitt PLC (MGGT.L)

MGGT.L on London Stock Exchange

527.80GBp
4:35pm BST
Change (% chg)

2.80 (+0.53%)
Prev Close
525.00
Open
522.60
Day's High
528.20
Day's Low
520.20
Volume
999,875
Avg. Vol
1,771,317
52-wk High
583.80
52-wk Low
410.01

Latest Key Developments (Source: Significant Developments)

Capital Group Companies Discloses 4.9529 Pct Stake In Meggitt - Filing
Monday, 1 Apr 2019 

April 1 (Reuters) - Meggitt PLC ::CAPITAL GROUP COMPANIES, INC. DISCLOSES 4.9529 PERCENT STAKE IN MEGGITT PLC - FILING.  Full Article

Meggitt Awarded $37 Mln Contract From General Dynamics Land Systems
Thursday, 28 Mar 2019 

March 28 (Reuters) - Meggitt PLC ::CONTRACT WIN.MEGGITT AWARDED $37M CONTRACT FROM GENERAL DYNAMICS LAND SYSTEMS.MEGGITT AWARDED $37M CONTRACT FROM GENERAL DYNAMICS LAND SYSTEMS.  Full Article

Meggitt FY Organic Rev Up 9 Pct, Says Well Positioned To Deliver 2021 Targets For Oper. Margin, Cash
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Meggitt PLC ::ORGANIC ORDER GROWTH OF 12% UNDERPINS EXPECTATIONS FOR LONG TERM REVENUE GROWTH.ORGANIC REVENUE GROWTH OF 9% REFLECTS STRONG PERFORMANCE IN GROWING END-MARKETS.7% GROWTH IN CIVIL AEROSPACE, 10% IN DEFENCE AND 19% IN ENERGY.UNDERLYING OPERATING MARGIN MAINTAINED AT 17.7.FREE CASH FLOW DECREASED BY £30M TO £167M.WELL POSITIONED TO SUSTAIN GROWTH OVER MEDIUM TERM AND TO DELIVER OUR 2021 TARGETS FOR UNDERLYING OPERATING MARGIN AND CASH.  Full Article

Meggitt Non-Executive Director Paul Heiden To Retire
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Meggitt PLC ::MEGGITT - PAUL HEIDEN TO RETIRE AS NON-EXECUTIVE DIRECTOR, SENIOR INDEPENDENT DIRECTOR AND CHAIRMAN OF REMUNERATION COMMITTEE ON 25 APRIL 2019.MEGGITT PLC - APPOINTED GUY HACHEY TO BOARD OF DIRECTORS.  Full Article

Meggitt Signs Multi-Million Dollar Sub-Systems Contract For MA700 With XAC
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Meggitt PLC ::MEGGITT SUB-SYSTEMS CONTRACT FOR MA700 WITH XAC.CO, XAC SIGNED A MULTI-MILLION DOLLAR SUB-SYSTEMS CONTRACT ACROSS LIFE OF MA700 AIRCRAFT PROGRAMME.  Full Article

Meggitt Wins $21 Mln Fuel Cell Contract For UH-60 Black Hawk Programme
Monday, 16 Jul 2018 

July 16 (Reuters) - Meggitt PLC ::MEGGITT PLC - FUEL CELL CONTRACT FOR UH-60 BLACK HAWK PROGRAMME.MEGGITT PLC - AWARDED FIVE YEAR FUEL CELL CONTRACT FOR UH-60 BLACK HAWK PROGRAMME.MEGGITT PLC - CONTRACT FOR $21MLN.  Full Article

Meggitt To Dispose Precision Micro Business For 22.5 Mln Stg In Cash
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Meggitt PLC ::DISPOSAL OF PRECISION MICRO.HAS SOLD PRECISION MICRO, SPECIALISTS IN PRODUCTION PHOTO ETCHING FOR AUTOMOTIVE AND MEDICAL SECTORS, TO LDC, PRIVATE EQUITY ARM OF LLOYDS BANKING GROUP FOR £22.5 MILLION IN CASH.DURING YEAR TO 31 DECEMBER 2017, PRECISION MICRO GENERATED £15 MILLION REVENUE.  Full Article

Meggitt PLC Says Sale Of Its Thomson Aerospace And Defense Subsidiary Has Completed
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Meggitt Plc ::MEGGITT PLC - DIVESTMENT OF THOMSON.MEGGITT PLC - DIVESTMENT OF THOMSON.MEGGITT PLC - ANNOUNCES SALE OF ITS THOMSON AEROSPACE AND DEFENSE SUBSIDIARY TO UMBRA CUSCINETTI S.P.A., HAS COMPLETED..  Full Article

Meggitt Expects To Have Further Discussions With Dassault Aviation In Coming Weeks
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - MEGGITT PLC ::NOTES ANNOUNCEMENT BY DASSAULT AVIATION OF CANCELLATION OF FALCON 5X PROGRAMME AND LAUNCH OF A NEW FALCON PROGRAMME.DASSAULT HAS INDICATED THAT IT EXPECTS TO RE-USE A MAXIMUM OF WORK UNDERTAKEN TO DATE ON FALCON 5X.DASSAULT INTENDS TO WORK WITH MEGGITT ON SUCCESSOR FALCON PROGRAMME.EXPECTS TO HAVE FURTHER DISCUSSIONS WITH DASSAULT AVIATION IN COMING WEEKS.HAS GOOD CONTENT ON PRATT & WHITNEY PW800 ENGINE ANTICIPATED TO BE USED IN SUCCESSOR AIRCRAFT.REMAINS POSSIBLE THAT CANCELLATION COULD LEAD TO A NON-CASH IMPAIRMENT OF SOME OR ALL OF CAPITALISED WORK UNDERTAKEN TO DATE.CURRENTLY HAS £50 MILLION OF ASSETS RELATING SPECIFICALLY TO 5X PROGRAMME.HAS £11 MILLION OF ASSETS RELATING TO SILVERCREST ENGINE ON ITS BALANCE SHEET.  Full Article

Meggitt ‍says Q3 revenue growth for group was flat on an organic basis​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Meggitt Plc :‍Q3 REVENUE GROWTH FOR GROUP WAS FLAT ON AN ORGANIC BASIS​.‍ON A REPORTED BASIS, Q3 REVENUE DECLINED 2%, INCLUDING EFFECTS OF M&A AND FOREIGN EXCHANGE​.‍REMAINS ON TRACK TO MEET FULL YEAR GUIDANCE​.  Full Article

Engineer Meggitt signals softer 2019 after strong first quarter

British engineering company Meggitt Plc reported organic revenue growth of 9 percent in the first quarter, but warned it would face tougher comparisons for the rest of 2019 and the potential for air traffic growth to moderate.