Meggitt : US Defense Logistics Agency contract award

US Defense Logistics Agency contract award

Released : 02/10/2018 07:00:00

RNS Number : 5922C

Meggitt PLC

02 October 2018

2 October 2018

Meggitt PLC

Meggitt awarded $323 million multi-year agreement with U.S. Defense Logistics Agency.

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, has been awarded a five year Indefinite Demand/Indefinite Quantity (IDIQ) agreement with the U.S. Defense Logistics Agency to supply wheels, brakes and related spare parts.

The contract, worth $323m over the life of the award, covers the supply of depot-level spares for a number of defence platforms including F-16 Falcon, H-60 Blackhawk and CH-47 Chinook. The contract includes a further five year option period and replaces a prior five year IDIQ agreement which expired on 30 September 2018.

ENDS

Enquiries

Meggitt PLC

[phone]

Adrian Bunn, Vice President Strategy and Investor Relations

FTI Consulting

[phone]

Deborah Scott, Senior Managing Director Nick Hasell, Managing Director

Cautionary statement

This trading update, including information included or incorporated by reference in this trading update, may contain forward-looking statements concerning Meggitt PLC or its group. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. Such forward-looking statements involve risks, uncertainties and other important factors which could cause the actual results, performance or achievements of the Meggitt group or the market and economies in which the Meggitt group operates to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the ability of Meggitt PLC or its directors to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements, which speak only as at the date of this trading update. Neither Meggitt PLC, nor any of its group undertakings, nor the directors of any of them, assumes any obligations to, and do not intend to, update these forward-looking statements, except as required pursuant to applicable law.

About Meggitt PLC

Headquartered in the United Kingdom, this international group operates in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs more than 11,000 people at over 40 manufacturing facilities and regional offices worldwide.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please [e-mail] or

visitwww.rns.com.

END

CNTFSFFIFFASEDS