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Meggitt PLC
Type Public
(LSE: MGGT)
Founded 1947
Headquarters Bournemouth Airport, Hampshire, UK
Key people Sir Colin Terry, (Chairman)
Terry Twigger, (CEO)
Industry Aviation
Revenue £1,162.6 million (2008)
Operating income £172.4 million (2008)
Net income £99.1 million (2008)
Employees 8,000 (2008)
Website www.meggitt.com

Meggitt plc (LSE: MGGT) is a leading British-based engineering business specialising in aerospace equipment. It has its headquarters at Bournemouth Airport in Dorset. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

The Company was established in the 1940s as a machine tool business based in Halifax known as Willson Lathes: it went public in 1947. In 1964 it acquired an engineering business in Dorset known as Meggitt. The Company subsequently changed its name from Willson Lathes to Meggitt Holdings. In 1983 it was acquired by Nigel McCorkell and Ken Coates together with 3i Group in a management buy-in. In 1986 it bought Bestobell, another large engineering business.

In 2004 it acquired the design and manufacturing division of the Dunlop Standard Aerospace Group for circa £700 million.[1] In 2007 Meggitt acquired K&F Industries, the parent company of the Aircraft Braking Systems Corporation for circa £930 million.[2]

Operations

The Group is organised as follows:[3]:

Aerospace Equipment

  • Aircraft Braking Systems
  • Polymer Solutions
  • Fluid Controls - Airdynamics / Dunlop Equipment / Fuelling Products / Serck Aviation / Whittaker Controls
  • Heatric
  • Thermal Systems - Keith Products / Stewart Warner South Wind
  • Safety Systems
  • Meggitt (Xiamen) Sensors & Controls

Defence Systems

  • Training Systems Inc
  • Defence Systems
  • Training Systems Canada
  • Defence Systems Inc

Sensing Systems

  • Endevco
  • Ferroperm Piezoceramics
  • Insensor
  • Meggitt (Xiamen) Sensors & Controls
  • Avionics
  • PIHER
  • Sensorex
  • Vibro-meter (UK, US and France)
  • Wilcoxon Research

References

External links

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