Meggitt Gets $42.1 Million Contract to Supply Lockheed Martin Ammo Systems
August 04 2015 - 3:30AM
Dow Jones News
LONDON--U.K.-based aerospace and defense systems company Meggitt
PLC (MGGT.LN) Tuesday said its Defense Systems arm won a $42.1
million contract from Lockheed Martin Corp. (LMT) to supply
ammunition handling systems for Scout armored vehicles used by the
British army.
The systems, designed to rapidly feed 40 mm ammunition rounds
into cannons, will be designed and manufactured at Meggitt's
facility in Irvine, CA, with delivery running from 2016 to
2021.
The company also said it has been awarded GBP10.2 million in
contracts from the U.K. Ministry of Defence to upgrade British Army
small-arms training systems called Dismounted Close Combat
Trainers.
Write to Ed Ballard at ed.ballard@wsj.com
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