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Meggitt Signs Engine Composites Contract Worth $750 Mln With Pratt & Whitney

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(RTTNews.com) - Meggitt Plc (MGGT.L), which specializes in high performance components and sub-systems for the aerospace, defence and energy markets, Monday said it has signed a long term agreement with Pratt & Whitney worth around $750 million.

The contract is to continue the supply of advanced composite components for the F119 and F135 engines which power the F-22 Raptor and F-35 Lightning II aircraft.

The 10 year global agreement extends Meggitt's existing relationship with Pratt & Whitney in the supply of advanced engine composites for military and civil engine applications.

Meggitt Chief Executive, Tony Wood, said, "These components will be produced in our new state-of-the-art facility in San Diego, California which opened in August 2018 to support the rapid growth in demand for advanced engine composite components across the aerospace industry."

Read the original article on RTTNews (http://www.rttnews.com/2970990/meggitt-signs-engine-composites-contract-worth-750-mln-with-pratt-whitney.aspx)

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