Meggitt signs contract with Boeing for cockpit indicators supply

(Alliance News) - Meggitt PLC on Tuesday announced it has signed a "large multi-million pound" ...

Alliance News 2 March, 2021 | 10:39AM
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(Alliance News) - Meggitt PLC on Tuesday announced it has signed a "large multi-million pound" contract with Boeing Co for the supply of cockpit indicators for the Chicago, US-headquartered aerospace firm's 737 Max aircraft.

The Coventry, England-based aerospace and defence firm said the contract will cover a suite of cockpit indicators across all versions of the aircraft. It also will expand Meggitt's current content on the 737 Max programme, which includes the engine and APU fire detection & suppression systems, electrical power conversion equipment, and elastomeric seals.

Deliveries are scheduled to commence in second quarter of 2022.

"We are delighted to be expanding our relationship with Boeing at this important time as the 737 Max returns to service and the wider aviation industry starts to look through the challenges of the last year towards a recovering outlook for air traffic globally," said Chief Executive Tony Wood.

Shares in Meggitt were down 0.8% at 437.40 pence. Boeing shares closed 5.8% higher on Monday in New York at USD224.39, and were down 0.5% in pre-market trading.

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Meggitt PLC 480.10 GBX -1.50
Boeing Co 252.36 USD -1.02

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