- Meggitt
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Meggitt PLC Type Public limited company
(LSE: MGGT)Industry Aerospace
DefenceFounded 1947 Headquarters Bournemouth Airport, Hampshire, United Kingdom Key people Sir Colin Terry (Chairman)
Terry Twigger (CEO)Revenue £1,162.0 million (2010)[1] Operating income £220.1 million (2010)[1] Net income £138.8 million (2010)[1] Employees 7,370 (2010)[1] Website www.meggitt.com Meggitt PLC (LSE: MGGT) is a leading British-based engineering business specialising in aerospace equipment. It has its headquarters at Bournemouth Airport in Dorset. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Contents
History
The Company was established in the 1940s as a machine tool business based in Halifax known as Willson Lathes. It went public in 1947 and in 1964 acquired an engineering business in Dorset known as Meggitt. The Company subsequently changed its name from Willson Lathes to Meggitt Holdings. In 1983 it was acquired by Nigel McCorkell and Ken Coates together with 3i Group in a management buy-in. In 1986 it bought Bestobell, another large engineering business.
In 2004 it acquired the design and manufacturing division of the Dunlop Standard Aerospace Group for circa £700 million.[2] In 2007 Meggitt acquired K&F Industries, the parent company of the Aircraft Braking Systems Corporation, for circa £930 million.[3]
Operations
The Group is organised as follows:[4]:
Aerospace Equipment
- Aircraft Braking Systems
- Polymer Solutions
- Fluid Controls - Airdynamics / Dunlop Equipment / Fuelling Products / Serck Aviation / Whittaker Controls
- Heatric
- Thermal Systems - Keith Products / Stewart Warner South Wind
- Safety Systems
- Meggitt (Xiamen) Sensors & Controls
- Pacific Scientific OECO
Defence Systems
- Training Systems Inc
- Defence Systems
- Training Systems Canada
- Defence Systems Inc
Sensing Systems
- Endevco
- Ferroperm Piezoceramics
- Insensor
- Meggitt (Xiamen) Sensors & Controls
- Avionics
- PIHER
- Sensorex
- Vibro-meter (CH, UK, US and France)
- Wilcoxon Research
See also
- Meggitt BTT-3 Banshee
- Aerospace industry in the United Kingdom
References
External links
FTSE 100 companies of the United Kingdom → FTSE 250
As of 4 October 2011:
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Categories:- Companies listed on the London Stock Exchange
- Engineering companies of the United Kingdom
- Aerospace companies of the United Kingdom
- Companies established in 1947
- Companies based in Hampshire
- 3i Group companies
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