Meggitt PLC Overview
Company Headquarters: UK
Founded: 1947
Workforce: ~11,230
Company Working: Meggitt PLC (Meggit) designs and manufactures components for the aerospace, defense, and energy markets. It operates its business through five segments, namely Meggitt aircraft braking systems, Meggitt control systems, Meggitt polymers & composites, Meggitt sensing systems, and Meggitt equipment group. The Meggitt aircraft braking systems segment produces wheels, brakes and brake control systems for business jets and military and regional aircraft. The Meggitt control systems segment supplies aerospace fire protection & control systems, aerospace & industrial fuel, bleed air control valves, heat exchangers, high pressure ducting and ground refueling products. The Meggitt polymers & composites segment designs and develops engine and aerodynamic seals, flexible fuel tanks and fuel systems for military and civil aircraft, advanced composite engine components, radomes & secondary structures, electro-thermal ice protection systems, sub-assemblies, interior panels, and accessories. The Meggitt sensing systems segment offers sensing and monitoring solutions for rotating machinery. Its products include condition-based monitoring systems, sensors, flame monitoring systems, fluid monitoring systems, measurement systems, ignition systems, and onboard electronics. The Meggitt equipment group segment includes heat transfer equipment for hydrocarbon processing, electromechanical fans, pumps, compressors, electric motors, and controllers & training systems. Geographically, the company operates in the US, the UK and the rest of the world.
Strategy
Meggitt follows both organic and inorganic strategies for its growth in the market. The company is highly focused towards the development of smart engineering solutions for commercial aero-engines to sustain in severe conditions. It also invests a major share of its revenue in product life cycle, research and development, and maintenance and support activities to expand its market reach. The company also emphasizes strategic partnerships and agreements to gain a competitive advantage over its competitors, which helps it establish a strong presence in the market.
