OverviewSuggest Edit

Meggitt is an engineering company specializing in extreme environment components and sub-systems for the aerospace, defense, and energy markets. It operates through Aircraft Braking Systems, Control Systems, Polymers and Composites, Sensing Systems, and Equipment Group segments. Its product portfolio includes advanced composites, braking systems, condition monitoring systems, defense systems, engine systems, fire protection, motion control, safety systems, sealing solutions, sensors, thermal management, etc.
TypePublic
Founded1850
HQCoventry, GB
Websitemeggitt.com
Employee Ratings3.3
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)9,280(-25%)
Job Openings325
Revenue (FY, 2020)£1.7 B(-26%)
Share Price (Nov 2021)£7.5
Cybersecurity ratingCMore
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Key People/Management at Meggitt

Tony Wood

Tony Wood

Chief Executive, Committee Chairman
Louisa Burdett

Louisa Burdett

Chief Financial Officer, Director
Chris Allen

Chris Allen

President, Airframe Systems
Stewart Watson

Stewart Watson

President, Services & Support
Marina Thomas

Marina Thomas

Group Company Secretary & EVP Ethics and Communications
Mathew Wootton

Mathew Wootton

Vice President and Head of Investor Relations
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Meggitt Office Locations

Meggitt has offices in Coventry, Birmingham, Dunstable, Fareham and in 40 other locations
Coventry, GB (HQ)
Pilot Way, Ansty Business Park
Birmingham, GB
Oscar House, Wharfdale Rd
Birmingham, GB
Wood Lane, Erdington
Coventry, GB
Holbrook Ln
Dunstable, GB
Unit 19, Eyncourt Road, Woodside Industrial Estates
Fareham, GB
Units 2-5 Titchfield Park, 20-26 Barnes Wallis Road
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Meggitt Financials and Metrics

Meggitt Revenue

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View revenue for all periods
Meggitt's revenue was reported to be £1.68 b in FY, 2020 which is a 26% decrease from the previous period.
GBP

Revenue (H1, 2021)

680.0m

Gross profit (H1, 2021)

195.4m

Gross profit margin (H1, 2021), %

28.7%

Net income (H1, 2021)

28.3m

EBIT (H1, 2021)

49.0m

Market capitalization (10-Nov-2021)

5.8b

Closing stock price (10-Nov-2021)

7.5

Cash (30-Jun-2021)

139.3m

EV

6.6b
Meggitt's current market capitalization is £5.8 b.
Annual
GBPFY, 2018FY, 2019FY, 2020

Revenue

2.1b2.3b1.7b

Revenue growth, %

3%9%(26%)

Cost of goods sold

1.3b1.5b1.2b

Gross profit

760.5m818.2m483.5m
Half Year
GBPH1, 2019H1, 2020H1, 2021

Revenue

1.1b916.8m680.0m

Cost of goods sold

697.0m656.6m484.6m

Gross profit

373.9m260.2m195.4m

Gross profit Margin, %

35%28%29%
Annual
GBPFY, 2018FY, 2019FY, 2020

Cash

181.9m155.3m178.6m

Accounts Receivable

344.1m330.4m198.8m

Prepaid Expenses

23.1m18.2m12.5m

Inventories

441.2m489.8m426.9m
Half Year
GBPH1, 2019H1, 2020H1, 2021

Cash

116.4m236.9m139.3m

Inventories

492.2m521.2m426.5m

Current Assets

1.1b1.2b904.7m

PP&E

409.0m485.4m455.1m
Annual
GBPFY, 2018FY, 2019FY, 2020

Net Income

179.0m222.6m(314.2m)

Depreciation and Amortization

185.8m195.7m197.3m

Inventories

(33.5m)(75.6m)39.8m

Accounts Payable

30.0m29.3m(146.2m)
Half Year
GBPH1, 2019H1, 2020H1, 2021

Net Income

56.6m(344.3m)28.3m

Depreciation and Amortization

96.3m450.6m95.6m

Cash From Operating Activities

85.2m(50.5m)(13.2m)

Purchases of PP&E

(33.4m)(46.6m)(29.6m)
GBPFY, 2018

Revenue/Employee

181.2k

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.9 x
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Meggitt Operating Metrics

H1, 2018FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020

Order Volume

£1.09 b£2.24 b£1.19 b£2.47 b£882 m£1.55 b

Aircraft Installed Base

70 k71 k71 k73 k70 k

Aircraft Installed Base (In-service Civil)

48 k51 k48 k51 k

Aircraft Installed Base (Defence Aircraft)

22 k22 k22 k22 k22 k22 k
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Meggitt Acquisitions / Subsidiaries

Company NameDateDeal Size
Meggitt (Maryland), Inc.June 16, 2017
EDAC Composites LLCDecember 18, 2015$340 m
Precision Engine ControlsJanuary 06, 2015$44.2 m
Piezotech, LLCAugust 28, 2013$41.2 m
Securaplane Technologies, Inc.April 21, 2011
Pacific Scientific Energetic MaterialsJanuary 20, 2011$685 m
Ferroperm Piezoceramics A/SJanuary 08, 2008£10 m
K&F IndustriesJune 22, 2007$1.8 b
Keith ProductsSeptember 13, 2006$32 m
Firearms Training Systems IncAugust 24, 2006
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Meggitt Revenue Breakdown

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Meggitt revenue breakdown by business segment: 19.3% from Services & Support, 19.8% from Energy & Equipment, 13.8% from Engine Systems and 47.0% from Airframe Systems

Meggitt revenue breakdown by geographic segment: 8.9% from UK, 18.5% from Rest of Europe, 70.3% from United States of America and 2.3% from Other

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Meggitt Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Meggitt Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Meggitt Online and Social Media Presence

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Meggitt Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    B

    70/100

  • Compensation

    D

    52/100

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Meggitt News and Updates

Davidson Kempner Capital Management LP : Form 8.3 - Meggitt Plc

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”)

Meggitt PLC – Third quarter trading statement and outlook for full year 2021

Meggitt PLC ("Meggitt" or "the Group"), a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, today issues a trading update for the third quarter ended 30 September 2021 and outlook for the full year.

Meggitt PLC signs SMARTSupport agreement with FL Technics, for the supply of MRO services

Meggitt PLC, a leading international company specialising in high performance components for the aerospace, defence and selected energy markets, has signed a 3 year, multimillion Euro SMARTSupport contract with FL Technics to supply MRO (Maintenance Repair and Overhaul) services for sensors, valves,…

Response to BEIS Announcement

Meggitt PLC ("Meggitt" or the "Company") notes yesterday's announcement by the Department for Business, Energy and Industrial Strategy that the Secretary of State has referred the recommended acquisition of Meggitt by Parker-Hannifin Corporation (the "Acquisition") to the Competition and Markets Aut…

Parker Hannifin Recommended All Cash Offer for Meggitt PLC Approved by Meggitt Shareholders

CLEVELAND, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, confirms that Meggitt Shareholders have today approved the terms of the recommended cash acquisition of the entire issued and to be issued ordinary share capi…

STEM Returners and Meggitt launch new jobs scheme

International aerospace and defence firm Meggitt plc has teamed up with STEM Returners to help engineers get back into work after a career break.
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Meggitt Frequently Asked Questions

  • When was Meggitt founded?

    Meggitt was founded in 1850.

  • Who are Meggitt key executives?

    Meggitt's key executives are Tony Wood, Louisa Burdett and Chris Allen.

  • How many employees does Meggitt have?

    Meggitt has 9,280 employees.

  • What is Meggitt revenue?

    Latest Meggitt annual revenue is £1.7 b.

  • What is Meggitt revenue per employee?

    Latest Meggitt revenue per employee is £181.5 k.

  • Who are Meggitt competitors?

    Competitors of Meggitt include Cobham, Senior and Woodward.

  • Where is Meggitt headquarters?

    Meggitt headquarters is located at Pilot Way, Ansty Business Park, Coventry.

  • Where are Meggitt offices?

    Meggitt has offices in Coventry, Birmingham, Dunstable, Fareham and in 40 other locations.

  • How many offices does Meggitt have?

    Meggitt has 48 offices.