Meggitt PLC $15m contract with Turkish Technic (8778J)
10 December 2018 - 6:00PM
UK Regulatory
TIDMMGGT
RNS Number : 8778J
Meggitt PLC
10 December 2018
10 December 2018
Meggitt PLC
The person responsible for arranging the release of this
announcement on behalf of Meggitt is Marina Thomas, Company
Secretary.
Meggitt signs $15m contract with Turkish Technic for the supply
of spares and MRO services
Meggitt PLC, a leading international company specialising in
high performance components and sub-systems for the aerospace,
defence and energy markets, announces it has signed a long term
agreement with Turkish Technic, a leading service provider in
aircraft maintenance, repair and modification. The agreement is
valued at around $15 million for the lifetime of the contract.
The five year global agreement covers spares and maintenance
activities across the whole range of Meggitt products and services
from high-performance sensing systems to fire protection and
control, pneumatic, fluid control, thermal management and
electro-mechanical equipment. Such agreement reflects the close
relationship between Turkish Technic and Meggitt and supports the
continuous growth of a key MRO organisation in the Region.
Turkish Technic joins a number of customers who are signing up
to Meggitt's recently launched SMART Support package, providing
flexible, tailor made aftermarket care solutions across Meggitt's
complete aerospace portfolio.
Dennis Hutton, President of Customer Services and Support said
"Meggitt is pleased to be providing a range of products and
services to Turkish Technic, building on our existing service and
support portfolio."
O uz Hacısalihoglu, VP, Purchasing & Logistics, Turkish
Technic said: "The finalization of this agreement strengthens the
relationship between Turkish Technic and Meggitt and extends our
partnership well into the future. This agreement will also allow us
to provide comprehensive MRO support to our customers along with
OEM parts and ensure timely execution of the operations."
ENDS
Enquiries
+44 (0)1202 597
Meggitt PLC 597
Adrian Bunn, Vice President Strategy and Investor
Relations
+44 (0)20 3727
FTI Consulting 1000
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.
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END
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