Meggitt (MGGT)

Sector:

Defense and Aeronautics

Index:

FTSE 100

697.40p
   
  • Change Today:
      3.80p
  • 52 Week High: 699.80
  • 52 Week Low: 489.90
  • Currency: UK Pounds
  • Shares Issued: 777.54m
  • Volume: 1,769,500
  • Market Cap: £5,422m
  • RiskGrade: 91

Meggitt wins multi-million dollar cooling system contract

By Duncan Ferris

Date: Friday 21 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Meggitt was on Friday awarded a multi-million dollar contract by General Dynamics Land Systems (GDLS), with the defence and aerospace engineering business set to develop advanced cooling systems for next generation ground combat platforms.
Military vehicle manufacturer GDLS is a previous customer of the FTSE-250 listed company and recently won US Government backing to procure more than $250m-worth of these new cooling systems.

Meggitt has previously supplied GDLS with thermal management systems for the M1A2 SEPv3 and M1A2 KSA main battle tanks, while also providing auxiliary cooling and power systems for the company\'s Abrams tank programme.

Meggitt said the new cooling system builds on its pedigree in thermal management, which already includes other electrically driven cooling systems that are being implemented on electric military aircraft platforms and ground vehicles.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Meggitt Market Data

Currency UK Pounds
Share Price 697.40p
Change Today 3.80p
% Change 0.55 %
52 Week High 699.80
52 Week Low 489.90
Volume 1,769,500
Shares Issued 777.54m
Market Cap £5,422m
RiskGrade 91

Meggitt Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.93% below the market average81.93% below the market average81.93% below the market average81.93% below the market average81.93% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Price Trend
83.61% above the market average83.61% above the market average83.61% above the market average83.61% above the market average83.61% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income
23.59% below the market average23.59% below the market average23.59% below the market average23.59% below the market average23.59% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Growth
55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 7
Sell 0
Strong Sell 5
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Meggitt Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 21-Mar-19
Paid 04-Oct-19 03-May-19
Amount 5.55p 11.35p

Trades for 17-Jan-2020

Time Volume / Share Price
16:35 593,276 @ 697.40p
16:29 203 @ 698.60p
16:29 420 @ 698.40p
16:29 657 @ 698.40p
16:29 441 @ 698.40p

Meggitt Key Personnel

CEO Tony Wood

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