9th Mar 2020 08:42
(Alliance News) - Meggitt PLC said Monday it has completed a multi-million dollar contract extension with General Electric Co's Aviation unit.
FTSE 100-listed Meggitt said the five-year extension is for the supply of valves, sensors and heat exchangers for engine programmes.
Eric Alden, senior vice president for Meggitt's Engine Systems division, said: "Our long-established relationship with GE Aviation is built on trust. We are delighted to have a further opportunity to support GE with the levels of quality and excellence that they have grown to expect from our world-class technology and operations."
Shares Meggit was 6.8% lower in London on Monday morning at 477.00 pence each. The FTSE 100 was down 8.5% in early trading on fears over the spread of the coronavirus and diving oil prices.
By Paul McGowan; [email protected]
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