Meggitt reported a rather weak trading update, which was negatively affected in the military division by the weak demand in the US. On the contrary, civil aerospace revenue rose by 3% organically, driven upward by both the OE and aftermarket performance (+3% organically each). The latter was supported by growth in business jets, while for OE, the growth came from large jets.
Also, note that the group completed the acquisition of Elite Aerospace, a specialist in heat transfer, pneumatic, hydrau ....
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Mixed revenue performance but FY guidance maintained
- Published:
27 Apr 2017 -
Author:
Marc Laubel -
Pages:
2
Meggitt reported a rather weak trading update, which was negatively affected in the military division by the weak demand in the US. On the contrary, civil aerospace revenue rose by 3% organically, driven upward by both the OE and aftermarket performance (+3% organically each). The latter was supported by growth in business jets, while for OE, the growth came from large jets.
Also, note that the group completed the acquisition of Elite Aerospace, a specialist in heat transfer, pneumatic, hydrau ....