Multi-million China contract win for Meggitt

AEROSPACE sector firm Meggitt, which has operations in Birmingham and Coventry, has won a lucrative contract in China.

The firm, which supplies components and sub-systems for the aerospace, defence and energy markets, has been selected by AVIC Aircraft Xi’an Branch to embark on a multi-million dollar programme involving three packages of work for the MA700 70-seat regional aircraft.

Meggitt and AVIC Aircraft Xi’an Branch have entered the joint development phase involving two fire protection systems, one for the engine and auxiliary power unit and the other for the cargo and cabin, and a bleed air leak detection system. 

First delivery is planned for 2019 with production expected to last at least 25 years.

Stephen Young, Meggitt chief executive, said: “This award confirms Meggitt’s continuing status as a world-leader in high spec, safety-critical sub-systems and equipment.”

Meanwhile, Young reflected on a “challenging year” for the group as it announced its annual results for the 12 months to December 31.

It reported revenue down 5% at £1.55bn (2013: £1.63bn) and profit before tax down 13% at £328.7m (2013: £377.8m).