Meggitt signs $73m, five-year contract with Bell Textron
By Josh White
Date: Friday 28 Feb 2020
(Sharecast News) - Aerospace components and subsystems provider Meggitt has signed a contract with Bell Textron for an estimated value of $73m, it announced on Friday, to supply composite deicing propeller rotor blankets, heated spinners, fairings and pendulums to the Bell Boeing V-22 Osprey helicopter.
The FTSE 100 company said the contract would be valid for five years.
It described the V-22 Osprey as a "unique military platform", designed to combine the functionality of a conventional helicopter with the long-range, high-speed cruise performance of a turboprop aircraft.
Meggitt said its electro-thermal ice protection components were constructed from composite material with embedded thermal technology.
"The Osprey is an iconic platform and we are grateful for the trust that Bell has once again placed in Meggitt to provide composite solutions that greatly enhance flight safety, efficiency and performance," said chief executive officer Tony Wood.
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