Meggitt wins marksmanship training deal with US Marine Corps
Aerospace, defence and energy engineer Meggitt has won a $31.7m contract with the US Marine Corps (USMC) for indoor simulated marksmanship training systems.
Aerospace and Defence
10,856.25
15:55 29/04/24
FTSE 100
8,154.42
15:55 29/04/24
FTSE 350
4,483.28
15:55 29/04/24
FTSE All-Share
4,436.86
15:55 29/04/24
Meggitt
798.80p
16:52 12/09/22
The five-year deal covers the design, development, installation and support for some 670 systems and weapon simulators at USMC facilities at home and abroad.
Meggitt chief executive Stephen Young said: "Following our $99 million small arms trainer award for the US Army announced in 2014, this second major contract reinforces our product's system-of-record status.”
The FTSE 100 group’s relationship with USMC started 26 years back when the latter used its small arms training expertise.
Young added: “I am delighted to see Meggitt continuing to succeed with low-risk, best-value training with its latest virtual simulation systems, Bluefire wireless weaponry and the flexible system architecture needed to meet evolving training conditions."