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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.
Meggitt acquired S-TEC and S-TEC Unmanned Technologies (SUTI) for $24 million in 2000. [4] [5] (DRS Technologies purchased the UAV business from Meggitt in 2002 [6] but later closed the Mineral Wells facility.) S-TEC was purchased for $38 million by Cobham plc in 2008. [7] [8]
In August 2021, the company agreed to buy British aerospace and defense company Meggitt for £6.3 billion. [30] In July 2022, after making commitments to the UK government including increasing research and development spending in Britain, the Secretary of State for Business, Energy and Industrial Strategy approved the takeover without being ...
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Meggitt Dunlop Standard Aerospace Group Ltd. was formed in 1998 from the assets of BTR Aerospace Group when they were purchased by Doughty Hanson & Co . In 2004 the company was sold and split into two.
LONDON -- Shares of Meggitt jumped up 15.90 pence, or 3.5%, this morning following the release of its full-year results for 2012 that saw "another year of very strong cash generation." The global ...
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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]