| Type | Public limited company (LSE: MGGT) |
|---|---|
| Industry | Aerospace Defence |
| Founded | 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.
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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]
The Group is organised as follows:[4]:
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Aerospace Equipment
Defence Systems
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Sensing Systems
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