TIDMMGGT

RNS Number : 8778J

Meggitt PLC

10 December 2018

10 December 2018

Meggitt PLC

The person responsible for arranging the release of this announcement on behalf of Meggitt is Marina Thomas, Company Secretary.

Meggitt signs $15m contract with Turkish Technic for the supply of spares and MRO services

Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, announces it has signed a long term agreement with Turkish Technic, a leading service provider in aircraft maintenance, repair and modification. The agreement is valued at around $15 million for the lifetime of the contract.

The five year global agreement covers spares and maintenance activities across the whole range of Meggitt products and services from high-performance sensing systems to fire protection and control, pneumatic, fluid control, thermal management and electro-mechanical equipment. Such agreement reflects the close relationship between Turkish Technic and Meggitt and supports the continuous growth of a key MRO organisation in the Region.

Turkish Technic joins a number of customers who are signing up to Meggitt's recently launched SMART Support package, providing flexible, tailor made aftermarket care solutions across Meggitt's complete aerospace portfolio.

Dennis Hutton, President of Customer Services and Support said "Meggitt is pleased to be providing a range of products and services to Turkish Technic, building on our existing service and support portfolio."

O uz Hacısalihoglu, VP, Purchasing & Logistics, Turkish Technic said: "The finalization of this agreement strengthens the relationship between Turkish Technic and Meggitt and extends our partnership well into the future. This agreement will also allow us to provide comprehensive MRO support to our customers along with OEM parts and ensure timely execution of the operations."

ENDS

 
 Enquiries 
 
                                                      +44 (0)1202 597 
 Meggitt PLC                                           597 
 Adrian Bunn, Vice President Strategy and Investor 
  Relations 
 
                                                      +44 (0)20 3727 
 FTI Consulting                                        1000 
 Deborah Scott, Senior Managing Director 
 Nick Hasell, Managing Director

Cautionary statement

This trading update, including information included or incorporated by reference in this trading update, may contain forward-looking statements concerning Meggitt PLC or its group. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. Such forward-looking statements involve risks, uncertainties and other important factors which could cause the actual results, performance or achievements of the Meggitt group or the market and economies in which the Meggitt group operates to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the ability of Meggitt PLC or its directors to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements, which speak only as at the date of this trading update. Neither Meggitt PLC, nor any of its group undertakings, nor the directors of any of them, assumes any obligations to, and do not intend to, update these forward-looking statements, except as required pursuant to applicable law.

About Meggitt PLC

Headquartered in the United Kingdom, this international group operates in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs more than 11,000 people at over 40 manufacturing facilities and regional offices worldwide.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 10, 2018 02:00 ET (07:00 GMT)

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