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Parker Meggitt (legally Meggitt Ltd) is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.
Parker-Hannifin Corporation, originally Parker Appliance Company, usually referred to as just Parker, is an American corporation specializing in motion and control technologies. Its corporate headquarters are in Mayfield Heights, Ohio , in Greater Cleveland (with a Cleveland mailing address).
Parker-Hannifin's (PH) acquisition of Meggitt expands its presence in the UK, positioning it well to provide a broader suite of solutions for aircraft, and aeroengine components and systems.
UK aerospace and defence company Meggitt is to be taken over by US rival Parker Hannifin in a £6.3bn deal.
According to the Evening Standard, Wood's departure from Rolls-Royce following a restructuring "seemed an abrupt end to a high-flying career", but with his appointment as COO of Meggitt PLC, "it appears he was only biding his time". [4] From 2016 Wood was COO of Meggitt, and succeeded Stephen Young as CEO in January 2018. [3]
As Meggitt PLC (LON:MGGT) announced its earnings release on 31 December 2018... Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
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Young was finance director of Meggitt from 2004 to 2013, and became CEO in May 2013. [3] [4] In January 2018, he retired and was succeeded by Tony Wood. [5] Young is a non-executive director of Derwent London. [2] [3]