Meggitt : Contract Win

Contract Win

Released : 18 Apr 2018 07:00

RNS Number : 2430L Meggitt PLC

18 April 2018

18 April 2018

Meggitt PLC

Meggitt advanced braking system selected for KF-X fighter aircraft

Meggitt PLC, a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, has secured a multi-million dollar contract with Korea Aerospace Industries (KAI) to supply advanced nose/main wheels, high performance carbon brakes and a brake control system for the KF-X multirole fighter jet.

The KF-X programme, a partnership between South Korea and Indonesia, is currently in development and expected to enter production in the mid 2020's. The South Korean Air Force plans to purchase around 100 KF-X jets to replace agingF-4D/E Phantom II andF-5E/F Tiger II aircraft, while Indonesia has a requirement for about 50 aircraft.

The contract award extends Meggitt's relationship with KAI, which already includes braking systems for both the T-50 trainer jet family and Surion helicopter programmes.

Enquiries

Meggitt PLC

+44 (0)1202 597 597

Adrian Bunn, Vice President Strategy and Investor Relations

FTI Consulting

+44 (0)20 3727 1000

Deborah Scott, Senior Managing Director Nick Hasell, Managing Director

Cautionary statement

This trading update, including information included or incorporated by reference in this trading update, may contain forward-looking statements concerning Meggitt PLC or its group. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. Such forward-looking statements involve risks, uncertainties and other important factors which could cause the actual results, performance or achievements of the Meggitt group or the market and economies in which the Meggitt group operates to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the ability of Meggitt PLC or its directors to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements, which speak only as at the date of this trading update. Neither Meggitt PLC, nor any of its group undertakings, nor the directors of any of them, assumes any obligations to, and do not intend to, update these forward-looking statements, except as required pursuant to applicable law.

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