24th Aug 2020 08:03
(Alliance News) - FTSE 250-listed Meggitt PLC on Monday said it has secured a contract with Modec Inc for the supply of printed circuit heat exchangers to the Bacalhau floating production storage & offloading vessel.
The contract will be supplied by Meggitt's Heatric business, it said.
The aerospace and defence company said the use of its printed circuit heat exchangers technology in gas compression and gas injection processes enables "superior" performance at a fraction of the size and weight of other heat exchanger solutions.
No financial details of the "multi-million-pound contract" were disclosed.
The stock was up 1.1% at 283.39 pence in early trade on Monday.
By Evelina Grecenko; [email protected]
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