Meggitt unfazed by defence review

4th Nov 2010 13:23

Meggitt, the maker of components for planes and other equipment, expects the recent defence review to have a 'minimal impact' on 2011 revenues.Order intake continued to improve between 1 July and 3 November, the company said, rising by 17% from the same period the previous year when customers had been destocking and cancelling orders.Revenues grew by 1% and the company expects to see further revenue growth in the fourth quarter.'We are well positioned for 2011 and beyond,' the company said.