Meggitt : Confirmation of Contract win

For immediate release                                                                                    16 October 2014

Meggitt PLC

Confirmation of Contract win

$99 million US Army contract for small arms trainer confirmed

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, confirms that, following the announcement in Meggitt's first-half results and after action by the US General Accounting Office denying the protest of another bidder, Meggitt Training Systems has been reaffirmed as the supplier of the US Army's next generation virtual small arms trainer, EST (Engagement Skills Trainer) II.

In the $99 million contract announced on June 18, 2014, the five -year Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the US Army Program Executive Office for Simulation and Training (PEO STRI) covers 1,000-plus new and upgraded systems and simulated weapons for US Army facilities worldwide. 

Won for 'Best Value', the Meggitt solution represents a significant step forward in technology and capability over the incumbent EST 2000 system. 

Meggitt's scalable and robust FATS®M100 open architecture frees customers to readily integrate Meggitt and third-party training modules and will accommodate evolutions in fidelity and graphic complexity for greater realism. 

Meggitt modules cover enhanced 3-D marksmanship and an intelligent coaching application on a wireless tablet enabling trainers to change scenarios quickly within a single training session.  

Stephen Young, Meggitt's Chief Executive, commented:  "One of the US Army's objectives is to leverage technology to optimise the cost of personnel training.  We made a significant investment in technology and military training expertise to provide a virtual product that will not only improve the quality of training for soldiers but the efficiency and effectiveness of training instructors."

He added: "We are immensely proud to have been selected as the provider of the US Army's next generation system of record and look forward to offering our capability to other customers."

The contract was awarded and execution began on June 18, 2014.  A formal announcement has been delayed until now, pending the outcome of the bid protest.

First deliveries are expected from December 2015.

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ENDS

For further information please contact:

Meggitt PLC
Richard Cashin, Investor Relations                                        Tel: 01202 597597

Fiona Greig, Corporate Communications

Buchanan Communications
Charles Ryland, Jeremy Garcia and Louise Mason              Tel: 0207 466 5000

Editor's notes

Meggitt Training Systems

Meggitt Training Systems, makers of FATS® and Caswell technologies, is a Meggitt business unit.  The leading supplier of integrated live-fire and virtual weapons training systems, unmanned land and sea vehicles, aerial targets and electronic scoring systems worldwide, over 13,000 Meggitt live-fire ranges and 5,100 virtual systems are fielded internationally, providing judgmental, situational awareness and marksmanship training to the armed forces, law enforcement and security organizations.

Meggitt Training Systems employs more than 400 people at its headquarters in Atlanta and at facilities in Orlando, Canada, the United Kingdom, Netherlands, UAE, Australia and Singapore. It can deploy service personnel anywhere in the world for instructor training, system installation and maintenance. www.meggitttrainingsystems.com

Meggitt PLC

Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia. Known for its specialized extreme environment engineering, Meggitt is a world leader in aerospace, defense and energy. Meggitt employs nearly 11,000 people at over 60 manufacturing facilities and regional offices worldwide.