Meggitt wins two Indian jet trainer deals

StockMarketWire.com - Aerospace and defence group Meggitt plc announced two contracts from BAE Systems as part of the Indian Hawk Advanced Jet Trainer programme.

Meggitt Avionics will supply a range of cockpit display equipment and electro-mechanical instruments in a deal worth over £5m.

Meggitt Aircraft Braking Systems Corporation has also won a contract on the jet trainer valued at over £8m.

The wins follow India's purchase of 57 aircraft in July, to be built under licence by Hindustan Aeronautics for the country's air force and navy.

Meggitt shares rose 5.8p to 365.5p.