LONDON--Meggitt PLC (MGGT.LN), an international company
specializing in high performance components and sub-systems for
aerospace, defense and energy, said Tuesday it has been awarded a
100 million dollar-plus contract for over 200 innovative
high-performance compact printed circuit heat exchangers, or PCHEs,
for Tupi BV and Guara BV.
MAIN FACTS:
-Starting in 2012 for completion in 2017, the majority of heat
exchangers will be assembled in Brazil.
-A new Meggitt company, Meggitt Do Brasil, will be used to
collaborate with suppliers on the ground on materials sourcing,
project management, fabrication, training, aftermarket services and
field support.
-Tupi BV is a joint venture between Petrobras (65%), the BG
Group operator (25%) and Petrogal Brasil SA - Galp Energia (10%);
GUARA BV is a joint venture between Petrobras (45%), BG Group (30%)
and Repsol-Sinopec (25%).
-Meggitt shares closed Monday at 396 pence valuing the company
at 3.1 billion pounds.
-Write to Ian Walker at ian.walker@dowjones.com
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