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Meggitt PLC (MGGT.L)

MGGT.L on London Stock Exchange

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Tue, Oct 16 2018

Meggitt higher on upgrade to 2018 revenue growth

LONDON British engineering company Meggitt raised its estimate for 2018 organic revenue growth to 7 to 8 percent from earlier guidance of 4 to 6 percent, boosted by higher demand for its wheels, brakes and other aerospace parts.

RPT-UPDATE 2-Meggitt higher on upgrade to 2018 revenue growth

* Sees 2018 organic revenue growth at 7-8 pct, up from 4-6 pct

Meggitt boosted by strong aerospace demand, sees composite unit improving

LONDON Meggitt is on track to meet upgraded guidance after seeing strong demand for its wheels, brakes and other aerospace parts, the British engineering firm said on Tuesday, adding its composite business was also showing signs of improvement.

UPDATE 1-Meggitt boosted by strong aerospace demand, sees composite unit improving

LONDON, Aug 7 Meggitt is on track to meet upgraded guidance after seeing strong demand for its wheels, brakes and other aerospace parts, the British engineering firm said on Tuesday, adding its composite business was also showing signs of improvement.

Meggitt sees stronger growth but warns on margins

Meggitt expects revenues to increase more than previously forecast in 2018 after higher U.S. defence spending helped the British engineering firm post a stronger-than-anticipated second quarter.

UPDATE 2-Britain's Meggitt sees stronger growth but warns on margins

* (Updates shares, comparison with rivals, context on U.S. defence market)

CORRECTED-Meggitt hikes 2018 revenue guidance as market conditions improve

July 2 British engineering company Meggitt said it now expects total organic revenue growth in 2018 to rise by 4-6 percent, up from 2-4 percent earlier, helped by a stronger than anticipated trading in the second quarter.

BRIEF-Meggitt still expecting organic revenue growth of 2-4 pct this year

* TRADING DURING Q1 OF 2018 WAS STRONG, WITH ORGANIC REVENUE GROWTH OF 6% EXCLUDING EFFECTS OF FOREIGN EXCHANGE AND DISPOSALS.

BRIEF-Meggitt To Dispose Precision Micro Business For 22.5 Mln Stg In Cash

* 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

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