Meggitt wins $21m US contract for F16 actuator

Meggitt said its safety systems unit has won a five-year indefinite-delivery/indefinite-quantity contract worth up to $21m for the two-place seat canopy actuator on the F16 fighter jet from the US Defense Logistics Agency.

Aerospace and Defence

11,828.61

16:38 14/11/24

-2.32%

-281.12

FTSE 250

20,522.81

16:38 14/11/24

n/a

FTSE 350

4,459.02

16:38 14/11/24

n/a

FTSE All-Share

4,417.25

16:54 14/11/24

n/a

Meggitt

798.80p

16:52 12/09/22

0.00%

0.00p

Some 550 dual seat F-16 aircraft are in line for canopy actuator replacements over the next five years, Meggitt said, adding that all but the initial contract worth $2.1m will be available for procurement by the US Air Force and Foreign Military Sales.