Interim Management Statement

Immediate release 4 November 2010

Meggitt PLC ("Meggitt" or "the Group")

Interim Management Statement

Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, today issues the following Interim Management Statement. This statement covers the period from 1 July 2010 to 3 November 2010 and constitutes Meggitt's second 2010 Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules.

The Group's order intake has continued to improve. Third quarter order intake was up 17% on 2009, which had been adversely affected by destocking and cancellations, with increases in all market segments except, as anticipated, military aftermarket (although military orders in total were up). We have now seen double digit increases in total orders in quarters two and three and, cumulatively, order intake is 7% ahead of 2009. Within this, civil orders are up 27% (aftermarket up 18%) and military orders were down 8%, largely due to multi‑year orders received in 2009.

Revenues grew year‑on‑year by 1% in the third quarter (following declines of 10% and 2% in the first and second quarters respectively), continuing an improving trend and, together with the healthy order intake, gives us confidence that we will see further revenue growth in the fourth quarter and modest growth for the year. In the quarter, civil original equipment, civil aftermarket and energy revenues were ahead of last year. As expected, military revenues were down in the quarter. However, with military orders up 10% in the period, we expect this to translate into strong sales growth in the fourth quarter.

Our leading civil market indicators, such as aircraft deliveries and air traffic/aircraft utilisation continue to trend positively and our energy business is recovering. We expect these markets to continue to recover in 2011.

The UK Strategic Defence and Security Review should have a minimal (less than £3m reduction in 2011 revenues) impact on military revenues. More importantly for Meggitt, US defence spending is still projected to grow at low single digits in the medium term.

Our cost reduction plans continue to be implemented and operating margins continue to improve. Volumes are expected to recover in 2011 and there will be some increases in cost and investment to support the growth of the Group going forward.

Cash flow continues to be very strong, helped by a good uptake on the scrip (interim) dividend. We drew down the second $350 million instalment on our new US Private Placement in October.

The tax rate for the year should come in slightly better than expected at 26%.

With the decisive action taken on costs and financing, improving conditions in our end markets and healthy order intake, 2010 continues to trade in line with our expectations and we are well positioned for 2011 and beyond.

The Group will be hosting an investor seminar on 19 November which will include presentations by Management on the Group and its longer term outlook. There will be no further update on current trading at this meeting.

For further information, please contact:

Meggitt PLC - 01202 597597

Terry Twigger, Chief Executive

Stephen Young, Group Finance Director

Charles Andrews, Group Head of Financial Planning & Analysis

Buchanan Communications - 020 7466 5000

Charles Ryland or Jeremy Garcia