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Meggitt plc awarded multi-million dollar Advanced Cooling System contract

Meggitt PLC (LON: MGGT), a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, announced today that it has been awarded a fixed price contract by General Dynamics Land Systems to develop an Advanced Cooling System for the next generation ground combat platforms. The Advanced Cooling System joins other Meggitt products purchased by GDLS and supports a recent award from the US Government to GDLS with future plans to procure over 2,100 of these new cooling systems valued at over $250 million.

The new cooling system builds on Meggitt plc’s pedigree in thermal management, including other electrically driven cooling systems that are being implemented on more electric military aircraft platforms and ground vehicles.