Meggitt wins new engine-component order

16th Jan 2013 07:07

Meggitt has been selected by Snecma, part of the Safran Group, to provide a package of sensor products for engines that power the Boeing 737MAX.The group, which provides high performance components and sub-systems for the aerospace, defence and energy markets, said that Snecma (through a 50/50 joint company with GE) has already secured orders for LEAP-1B engines to power over 1,000 aircraft.Meggitt said that the contract will generate revenues (including original equipment, spares and repairs) of over $300m over the life of the engine.As part of the contract, Meggitt is to supply a suite of sensing products to measure vibration, shaft speed, critical temperatures and oil level.While the company has already won engine sensor packages on the LEAP-1A and 1C in January 2012, this new contract win takes the value of Meggitt's sensors on LEAP family engines to some $500m over the lifetime of the Boeing, Airbus (A320 neo) and COMAC (C919) aircraft."This contract underscores our belief that delivery and quality improvements will drive the group's long-term organic growth potential," according to Meggitt's Chief Executive Terry Twigger."We are delighted that Snecma has demonstrated continued confidence in our business and look forward to strengthening our relationship further."