|Bid||790.80 x 0|
|Ask||791.20 x 0|
|Day's Range||789.00 - 791.40|
|52 Week Range||710.80 - 846.00|
|Beta (5Y Monthly)||1.67|
|PE Ratio (TTM)||197.85|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 19, 2020|
|1y Target Est||N/A|
Subscribe to Yahoo Finance Plus to view Fair Value for MGGT.L
British aircraft parts supplier Meggitt Plc reported a 21% rise in its first-half revenue on Thursday, as planemakers ramped up their production to serve post-pandemic recovery in air travel. The London-based company, which supplies to both civil and military aerospace manufacturers including Boeing and Airbus, said revenue came in at 821 million pounds ($997.35 million) in the six-month period ended June 30, compared with 680 million pounds last year. Still, major aerospace companies have sounded the alarm on their supply chains with shortages of raw materials and components crimping the industry's ability to capitalise on roaring travel demand.
Britain's business minister Kwasi Kwarteng has approved the 6.3 billion-pound ($7.57 billion) takeover of London-based defence firm Meggitt by U.S. engineering and aerospace company Parker-Hannifin , his department said on Tuesday. The deal was scrutinised by the government over competition and national security concerns, as Meggitt's customers include Britain's Ministry of Defence (MoD), Boeing, Airbus and Rolls-Royce. The department said it had accepted undertakings from Parker to mitigate national security risks and competition concerns, and that the assurances "secured the future of Meggitt and the important role it plays in the UK aerospace sector."
(Bloomberg) -- Meggitt Plc rose after Britain said national security concerns tied to the aerospace supplier’s agreed £6.3 billion ($7.7 billion) sale to US-based Parker-Hannifin Corp. have been allayed.Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinVenice Plans to Start Weeding Out Cheap TouristsStocks Finish Almost Flat in Teeter-Totter Session: Markets WrapFauci Suffers Covid Symptom Rebound After Course of Pfi