20th May 2016 07:00
For Immediate Release 20 May 2016
Meggitt PLC
("Meggitt")
Contract Win
Meggitt awarded $35 million contract for surface and aerial targets from Canadian Department of National Defence
Meggitt PLC ("Meggitt" or "the Group"), a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets announces that Meggitt Target Systems (MTAS) has been awarded a five-year National Individual Standing Offer (NISO) worth up to $35.0 million from Canada's Department of National Defence. The NISO, for surface and aerial target systems, includes provisions for two option years.
The majority of the targets will be manufactured at MTAS' manufacturing facility in Medicine Hat, Alberta with production deliveries expected this year.
The target systems selected include Hammerhead, an advanced, unmanned surface vehicle target that can form part of a swarm threat simulation of up to 16 vessels, and Vindicator, an aerial target that can present the appearance of various aircraft profiles to radar, for naval weapons development and personnel training.
MTAS' Managing Director, Peter Longstaff commented: "The Canadian Armed Forces are a longstanding user of Meggitt target systems and we are delighted to be able to support their training and test and evaluation requirements locally."
ENDS
For further information contact:
Meggitt PLC
Richard Cashin, Investor Relations - Tel: 01202 597597Fiona Greig, Corporate Communications
Meggitt Target Systems
Based in Medicine Hat, Alberta, Canada and Ashford, Kent, UK, Meggitt Target Systems provides world-leading unmanned aerial, marine and ground targets, scoring systems, payloads and special mission vehicles for weapon simulation and training programs. For over 40 years, Meggitt Target Systems has manufactured over 10,000 unmanned vehicles, in service in more than 40 countries, including 15 NATO customers. www.meggitttargetsystems.com
Meggitt PLC
Meggitt PLC is a leading international engineering group specialising in aerospace, defence and energy markets with a consistent record of strong financial performance. Meggitt's goal is to increase and strengthen its presence in long-term growth markets through proprietary product development reinforced by strategic acquisitions and investment in people and facilities. Meggitt's well-balanced portfolio offsets variation in demand from the market niches within which it operates.
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