7th Jan 2009 13:04
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For Immediate Release |
7 January 2009 |
Meggitt PLC
Meggitt wins follow on contract for its largest ever fuel tank order
Meggitt PLC, a leading international company specialising in aerospace equipment, sensing and defence systems, confirmed today that Engineered Fabrics Corporation (EFC), part of Meggitt Thermal Systems, based in Rockmart, Georgia has been awarded a significant follow on contract for its largest ever fuel tank order from the US Air Force. The additional fuel tanks are for the KC-135 aircraft programme.
The order, valued at just over US$41 million, is for an additional 2,255 units, confirming EFC's excellent performance on the initial contract. Deliveries will begin in July 2010 (when the previous contract is completed) through March 2013.The tanks will be installed at Tinker Air Force Base in Oklahoma City, Oklahoma.
EFC will produce the fuel tanks (16 per aircraft) which are located in the fuselage of the aircraft. These tanks are an enhanced version to cover the extended life of the KC135 fleet and are installed as part of the routine heavy maintenance schedule.
In operation with the United States Air Force since 1957, the Boeing KC-135 Stratotanker is used primarily to re-fuel aircraft during flight. Modified KC-135s, also serve as command, transport and reconnaissance aircraft.
EFC became part of the Meggitt group as a result of the K&F acquisition on 22 June 2007.
Commenting on the award, Terry Twigger, Chief Executive, said:
"This is a very exciting opportunity for EFC since this follow on contract is the biggest single order in its history and reflects the high confidence that the US Air Force has in us to support the KC-135 fleet. In particular, it recognizes several years of excellent work that EFC has done in developing enhanced fuel tanks for the KC-135 aircraft and its efforts to ramp up to a sustained production rate. This record follow on order will provide EFC with a sustained revenue base for the next 5 years."
For further information, please contact:
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Meggitt PLC
Andy Mann, Investor Relations
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Tel: 01202 597597
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Buchanan Communications
Charles Ryland / Jeremy Garcia
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Tel: 020 7466 5000
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About Meggitt
Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in civil and military aerospace equipment, sensing systems, combat support and defence systems training.
About EFC
Engineered Fabrics Corporation is the leading supplier of flexible bladder fuel tanks for aircraft and helicopters for the US Military, worldwide commercial transport and general aviation markets. It is the only FAA-certified US supplier of polyurethane manufactured fuel tanks and its self-sealing, crash resistant fuel tanks significantly reduce the potential for fires, leaks and spilled fuel.
EFC is also a major producer of de-icing equipment and specialty fabrics used for storage, shipping, environmental and rescue applications for the commercial and military markets.
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