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 CultureF

Latest Updates

Employees (est.) (Dec 2020)9,280(-25%)
Job Openings230
Revenue (FY, 2020)£1.7 B(-26%)
Share Price (May 2021)£4.8
Cybersecurity ratingDMore

Key People/Management at Meggitt

Tony Wood

Tony Wood

Chief Executive, Committee Chairman
Paul Devaux

Paul Devaux

President, Energy & Equipment and Group Operations Director
Louisa Burdett

Louisa Burdett

Chief Financial Officer
Chris Allen

Chris Allen

President, Airframe Systems
Stewart Watson

Stewart Watson

President, Services & Support
Alison Goligher

Alison Goligher

Non-Executive Director
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Meggitt Office Locations

Meggitt has offices in Coventry, Birmingham, Christchurch, Dunstable and in 41 other locations
Coventry, GB (HQ)
Ansty Park
Birmingham, GB
Oscar House, Wharfdale Rd
Birmingham, GB
Wood Lane, Erdington
Christchurch, GB
Atlantic House, Aviation Park West
Coventry, GB
Holbrook Ln
Dunstable, GB
Unit 19, Eyncourt Road, Woodside Industrial Estates
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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 (FY, 2020)

1.7b

Revenue growth (FY, 2019 - FY, 2020), %

(26%)

Gross profit (FY, 2020)

483.5m

Gross profit margin (FY, 2020), %

28.7%

Net income (FY, 2020)

(314.2m)

EBIT (FY, 2020)

(297.3m)

Market capitalization (13-May-2021)

3.8b

Closing stock price (13-May-2021)

4.8

Cash (31-Dec-2020)

178.6m

EV

4.6b
Meggitt's current market capitalization is £3.8 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, 2018H1, 2019H1, 2020

Revenue

952.2m1.1b916.8m

Cost of goods sold

607.8m697.0m656.6m

Gross profit

344.4m373.9m260.2m

Gross profit Margin, %

36%35%28%
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, 2018H1, 2019H1, 2020

Cash

103.7m116.4m236.9m

Inventories

452.7m492.2m521.2m

Current Assets

1.0b1.1b1.2b

PP&E

405.3m409.0m485.4m
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, 2018H1, 2019H1, 2020

Net Income

90.4m56.6m(344.3m)

Depreciation and Amortization

91.7m96.3m450.6m

Cash From Operating Activities

88.2m85.2m(50.5m)

Purchases of PP&E

(29.4m)(33.4m)(46.6m)
GBPH1, 2018

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

2 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: 47.0% from Airframe Systems, 13.8% from Engine Systems, 19.8% from Energy & Equipment and 19.3% from Services & Support

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

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Meggitt Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

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

    F

    48/100

  • CEO Rating

    C-

    63/100

  • Compensation

    F

    24/100

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Meggitt News and Updates

H C Slingsby a tad lower after listing expected post-pandemic issues

Meggitt PLC (LON:MGGT) jumped 8% to 497.9p after the Dealreporter website reported that US group Woodward Inc is mulling over a deal.

H C Slingsby a tad lower after listing expected post-pandemic issues

Meggitt PLC (LON:MGGT) jumped 8% to 497.9p after the Dealreporter website reported that US group Woodward Inc is mulling over a deal.

Meggitt PLC signs a contract with MAN Energy Solutions to supply Printed Circuit Heat Exchangers for pioneering green Electro-Thermal Energy Storage (ETES) technology

Meggitt PLC has secured a contract with MAN Energy Solutions for the supply of Printed Circuit Heat Exchangers (PCHE) for the first ever commercial application of a MAN ETES heat pump system in the Danish port of Esbjerg.

Meggitt PLC signs a £multi-million contract with ENPPI for the supply of pioneering Printed Circuit Heat Exchangers

Meggitt PLC has secured a contract with ENPPI for the supply of Printed Circuit Heat Exchangers (PCHEs) for the Western Desert Gas Complex (WDGC) expansion in El-Amreya, Alexandria, Egypt.

Meggitt PLC signs a £multi-million contract with Siemens Energy for the supply of pioneering Printed Circuit Heat Exchangers

Meggitt PLC, a leading international company specialising in high performance components and subsystems for the aerospace, defence and selected energy markets, has secured a contract with Siemens Energy for the supply of Printed Circuit Heat Exchangers (PCHEs) for the Mero 3 Floating Production Stor…
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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, Paul Devaux and Louisa Burdett.

  • 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 Northrop Grumman, Cobham and Senior.

  • Where is Meggitt headquarters?

    Meggitt headquarters is located at Ansty Park, Coventry.

  • Where are Meggitt offices?

    Meggitt has offices in Coventry, Birmingham, Christchurch, Dunstable and in 41 other locations.

  • How many offices does Meggitt have?

    Meggitt has 49 offices.