20th Aug 2015 06:04
LONDON (Alliance News) - Meggitt PLC on Thursday said it has won a sole-source contract from the US Defense Logistics Agency to replace fuel cells in Hornet jets in a deal worth up to USD39.8 million.
The FTSE 250-listed aerospace and engineering company said the three-year deal, which will end in late 2018, will see it make deliveries from its polymers and composites facility in Rockmart in Georgia in the last quarter of the year.
"Meggitt is synonymous with flexible crashworthy and ballistically-resistant fuel cell technology in this market. However, a critical success factor in winning this award was our Rockmart facility's outstanding quality standards and superior delivery performance," said Meggitt Chief Executive Stephen Young.
By Sam Unsted; [email protected]; @SamUAtAlliance
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