Strong growth makes Meggitt optimistic

Aircraft parts manufacturer Meggitt has reported strong growth in the third quarter, continuing the trend of the previous six months.

The company predicts double-digit growth in orders and revenue for the full year, and further revenue growth of 10 per cent in 2012.

"All market segments have contributed strongly to this profile, with growth in Civil Original Equipment and Energy being particularly robust," a company statement said.
Meggitt acquired UK-based engineering group Pacific Scientific in April and reported that its trading and integration have so far been in line with expectations.

“We are very confident of delivering the synergies announced at the time of the transaction,” the company said.