Meggitt awarded MoD contracts worth $20m

10th Nov 2016 08:14

(ShareCast News) - Meggitt's Training Systems division has been awarded two contracts from the UK Ministry of Defence worth around $20m in total.The FTSE 250 defence and aerospace company said it will manufacture and deliver 866 BlueFire convertible wireless versions of the UK's SA80 main infantry service rifle and its associated support equipment. In addition, Meggitt Training Systems will manufacture and deliver 70 Sharpshooter rifles and associated system upgrades for the UK's existing small-arms trainer, known as the Dismounted Close Combat Trainer.Jeff Murphy, president of Meggitt Training Systems, said: "The SA80 and Sharpshooter contracts continue to strengthen Meggitt Training Systems' long-standing relationship with UK Ministry of Defence. Precise marksmanship training using realistic weapon simulators is essential for mission success and a vital part of the UK's Future Integrated Soldier Technology modernisation initiative."At 0817 GMT, Meggitt shares were up 2% to 457.90p.