LONDON--Meggitt PLC (MGGT.LN), a manufacturer of aerospace equipment, sensors and combat systems, said Wednesday that Snecma--Safran Group has selected Meggitt Sensing Systems to provide a key package of sensor products for the LEAP-1B engine.

MAIN FACTS:

-Meggitt estimates the agreement will generate revenue--including original equipment, spares and repairs of more than $300 million over the life of this engine.

-The engine will power the Boeing 737MAX, which has already secured orders for over 1,000 aircraft.

-Meggitt will supply a comprehensive suite of sensing products, measuring vibration, shaft speed, critical temperatures and oil level, supporting LEAP engine operators with its global customer service organization.

-Meggitt shares closed Tuesday at 426.0 pence, valuing the company at GBP3.34 billion.

-Write to Razak Musah Baba at razak.baba@dowjones.com

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